Silver futures declined to 8-month low on Tuesday.

March Comex silver declined $0.289 at $15.80 an ounce.

Wednesday’s Federal Reserve’s rate hike triggered a silver slide to its lowest level since April as dollar strengthened.

After that sharp fall it rallied slightly to hit close $17.00 resistance.

As the dollar grew stronger, bond yields increased and there was selling pressure on silver, also gold prices fell sharply.

Dollar keeps dominating the markets even when it slightly declines, it recovers shortly after that and a strong dollar is bearish for the precious metals.

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