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On Tuesday, silver lost 0.4 percent to trade at $16.35 per ounce.
On Tuesday, silver lost 0.4 percent to trade at $16.35 per ounce, according to Reuters.
Low oil prices and a positive US economy are buffeting precious metals. The dollar also rose against a basket of currencies, due in part to comments on Monday from Federal Reserve Vice Chairman Stanley Fischer; they that indicate interest rates will soon rise. Should interest rates rise more quickly than investors had expected previously, precious metals prices could fall even further.