Silver ready too traded higher by Rs 300 to Rs 41,500 per kg and weekly-based delivery by Rs 285 to Rs 41,660 per kg.

Silver futures were trading lower during morning trade in the domestic market on Tuesday amidst growing anticipation that Britain may choose to remain a part of the EU at Thursday’s referendum, curbing the safe haven appeal of the precious metal and bolstering the appetite for risky assets. A survey by ORB for the Daily Telegraph showed “remain” surging back in the lead at 53 per cent with “leave” at 46 per cent. Odds of Britain leaving the EU have fallen since the brutal murder of Jo Cox, a pro-European lawmaker last week.

The focus is also on Fed Chair Janet Yellen’s testimony to lawmakers on Tuesday and Wednesday in which she may offer some clues over the timing of the next interest rate hike. At the MCX, Silver futures for July 2016 contract is trading at Rs. 41,600 per kg, down by 0.47 per cent, after opening at Rs 41,688, against a previous close of Rs 41,795. It touched the intra-day low of Rs. 41,576

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