The silver price was above $16 per ounce last week on the back of chart-based buying, a weak US dollar and uncertainty about Greece. However, this week has been another story. On Tuesday the white metal took a steep dive, dropping from Monday's close of $16.20 right down to $15.74. According to Reuters, the fall came on the back of a stock market rally driven by "hopes that Greece would reach a deal with its creditors to stave off default." A sharp fall in the euro against the US dollar also played a role. "Further losses seem likely now for gold, although that being said precious metals look a little bit oversold now while Greece could still default and exit the euro zone, an outcome that would undoubtedly boost the appeal of safe havens," Fawad Razaqzada, technical analyst at Forex.com, told the news outlet. Investors will have to wait and see if Greece can provide a boost for precious metals in the longer term. For now, the silver price has rallied somewhat, closing Tuesday at $15.88. Another Reuters article states that the uptick came on the back of a retreat in "both stocks and the dollar." Teck to sell silver streams? The Financial Post reported Wednesday that Teck Resources (TSX:TCK.B,NYSE:TCK), Canada's largest diversified resource company, has said it "could sell silver streams from its mines to increase liquidity." According to the news outlet, Teck has been on the lookout for copper acquisitions, and selling silver streams is one way it could finance such purchases. Analysts are already weighing in on Teck's statement, with TD Securities' Greg Barnes stating that the miner could potentially raise about $1 billion from streams. He predicts that Teck will sell around 75 percent of payable silver production from its Anatamina, Red Dog and Highland Valley mines. Meanwhile, Daniel Earle, another TD analyst, said that the "obvious buyer" for any such streams is Silver Wheaton (TSX:SLW,NYSE:SLW).