Silver wavers as markets monitor dollar

Silver prices wavered on Monday in mild reaction to dollar's sideways trading today, as markets await the updates on the ongoing US government shutdown. 

The shutdown continued today as a vital Congress vote to provide funds for the government was put off until today, keeping the markets on edge. 

Dollar on the other hand steadied largely against major rivals after heavy losses last week, with investors believing that the government shutdown has already been priced in its movements. 

Inversely, gold and treasury bond yields fell, curbing silver's advances and forcing it into sideways trading. 

Silver last traded at $17 an ounce, near the opening price of $17.02, with an intraday high at $17.08, and a low at $16.97.