Silver turns higher as dollar falls ahead of Fed decision

Silver prices rose on Tuesday, as the dollar US fell against most major currencies, while investors await the US Fed interest rate decision, amid the lingering uncertainty over the US-China trade talks.

White House economic advisor Larry Kudlow said that the US Dec. 15 tariffs on China are still "on the table" even before their date and could go back into place if no trade agreement is reached.

The US Federal Reserve will unveil its interest rate decision tomorrow, with most forecasts to hold the rates unchanged within the bank's assessment of the three cuts that were delivered during this year.

Otherwise, the dollar index fell against a basket of major currencies by 0.2% to 97.4 points as of 20:30 GMT, and hit an intraday high of 97.6 a low of 97.4.

Silver futures for March delivery rose by 0.4% to close at $16.702 an ounce, with a high of $16.77 and a low of $16.625