Silver futures rose nearly one percent in American trade away from January 2016 lows, as the dollar index tumbled to August 31 lows after earlier inflation data.

As of 06:34 GMT, silver futures due in December rose 0.93% to $14.29 an ounce, while the dollar index slid 0.44% to 94.84 against a basket of major rivals.

Earlier US data showed producer prices fell 0.1% in August, the first such decline in eight months, and compared to no change in July, while analysts expected a 0.2% increase, as core prices slipped 0.1%, also missing estimates of a 0.2% increase.

Federal Reserve Governor Lael Brainard spoke about the economic outlook and monetary policy at the Detroit Economic Club Luncheon later today, while the Fed released the Beige Book, containing data upon which policymakers depend in their next policy meeting in late September.