Silver futures were trading lower during the evening trade in the domestic market on Monday as investors and speculators trimmed their positions in the precious metal tracking a weak trend overseas on US dollar strengthening amid revived hopes that the US Fed may hike interest rates as soon as this month in the world’s biggest economy.

 Further, trimming of positions by participants in the domestic market was driven by weak global trend in precious metals, thus diminishing demand for silver at futures trade. At the MCX, silver futures for December 2016 contract is trading at Rs 45,150 per kg, down by 2.26 per cent, after opening at Rs 46,100, against a previous close of Rs 46,194. It touched the intra-day low of Rs 45,080.For more Information Visit Us:- ripplesadvisory.com/free-trial.php and miss call -9827808090.

Silver on MCX settled down -1.11% at 46194 as prices under pressure from a stronger U.S. dollar and concerns that the Federal Reserve may raise interest rates sooner than expected. Federal Reserve Bank of Boston President Eric Rosengren spoke in favor of raising rates, sparking speculation that an interest-rate increase could come as early as September.