Silver Rises to $17.38 per Ounce

Silver rose 0.1 percent on Tuesday to trade at $17.38 per ounce, according to Reuters. The US dollar has been feeling the impact of lower US government bond yields, and a decline in the dollar against other currencies tends to increase precious metals prices.

In other significant news, economic data from China and the Eurozone shows indications of a global economic slowdown, and that has further bolstered precious metals as a safe haven against risk.