LONDON: Silver slipped sharply from an 11-month peak on Thursday as a rebound in the dollar prompted traders to cash in earlier gains, while gold also fell from a five-week high.
Silver was down 0.2pc at $16.92 an ounce by 1410 GMT, off a peak of $17.70, its highest since May. Gold was up 0.7pc at $1,251.56, but was well down from an earlier high of $1,270.10.
Spot platinum was up 1.1pc at $1,026.51 an ounce and spot palladium rose 2pc to $605.47.
As gold and silver rallied in the wake of Draghi’s comments, palladium touched its highest since early November at $615.85 an ounce, while platinum hit a 10-month high of $1,043.72.