Silver prices fell on Tuesday, losing all the gains made yesterday after prices hit eight-week lows, as the dollar advances and commodity demand falls.
Silver last traded at $18.60 an ounce, down from the opening price of $18.88, with a session-high at $18.94, and a low at $18.56.
Silver"s drop comes as the dollar hits two-week highs against major rivals, slashing demand on commodities, specially as gold prices fell as well, dragging the white metal down.
Expectations oh higher U.S. interest rates are pushing investors away from safe havens and towards the dollar and treasury bonds.
The dollar index rose to 95.95 against a basket of six major peers from the opening of 95.53, with an intraday low at 95.51, and a two-week high at 96.04, as the index rallies on Yellen"s bullish comments last week and rising confidence in the markets.