Silver Rebounds After Hitting Lowest Price in Over Four Years

On Tuesday, silver dropped 0.6 percent to trade at $16.02 per ounce, according to Reuters. The metal hit its lowest price in over four years on Monday, dropping to $15.72 per ounce before rebounding.

The well-performing dollar has been exerting pressure on precious metals prices for quite some time, and silver has not yet recovered even though the dollar retreated 0.2 percent on Tuesday.