Silver Falls as Dollar Rises

Silver fell 1.6 percent to hit $15.81 an ounce on Tuesday, Reuters reported. The price drop comes as the US dollar continues to rise against the euro, which was down 1.7 percent versus the dollar, heading for its biggest one-day fall in three months.

A strong dollar will weigh on silver, which is affected by the currency. Additionally, upbeat US data has investors paying attention to the Fed in anticipation of an interest rate increase.