Silver edges lower, shrugs off dollar and stocks drop

Silver prices fell on Monday on weak demand on precious metals despite a retreat in the US dollar and stock markets amid the uncertainty over the US-China trade talks.

President Donald Trump said that the trade talks with China are going "very nicely", and added that signing the first phase of the trade with the Chinese side will happen very soon.

But he denied that his administration has agreed on a rollback of the Chinese tariffs, which raised doubts about the progress in the trade talks.

Otherwise, the dollar index fell against a basket of currencies by 0.2% to 98.1 points as of 21:51 GMT, with an intraday high of 98.3 and a low of 98.1.

Silver futures for December delivery fell by 0.1% to close at $16.802 an ounce, with a session-high of $16.91 and a low of $16.63.