Silver futures rose by 0.99 per cent on Monday morning market at the Multi Commodity Exchange (MCX) due to firm global trend coupled with weakening dollar globally. At the MCX, Silver futures for July 2016 contract is trading at Rs. 41,380 per Kg, up by 0.99 per cent, after opening at Rs. 41,260. It touched the intra-day high of Rs. 41,438. (At 12:48 PM today). Sentiments further strengthen due to increase in industrial production this month. Further increase in retail sales boosted the white metal price. 

Silver on MCX settled up 0.03% at 40987 ticked up on Monday ahead of the release of key consumer price data in the U.S., as downbeat manufacturing and soft producer prices in Japan lowered sentiments on an impending rebound in the global economy. 

Silver and other precious metals have benefited from mounting speculation that risks to global growth will restrain the Federal Reserve’s pace of interest-rate increases.

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