Silver futures were trading higher during the evening trade in the domestic market on Friday as investors and speculators extended their positions in the precious metals tracking a firm trend overseas as a crisis at German lender Deutshe Bank threatened to spark a global financial contagion, bolstering the lure for silver as a safer asset.

                     Silver on MCX settled up 0.55% at 45834 overall trades flat tracking Comex Silver as dollar flip-flopped in the wake of mixed U.S. data and as scepticism grew over whether OPEC members would be able to implement production cuts that could fuel inflation. While support seen on MCX due to Rupee weakness after India’s announcement that it has conducted strategic strikes across the LoC. The dollar index rose to a session high after stronger than expected data on U.S. second-quarter economic growth and weekly jobless claims.
                                 At the MCX, silver futures for December 2016 contract is trading at Rs 46,014 per kg, up by 0.39 per cent, after opening at Rs 45,680, against a previous close of Rs 45,834. It touched the intra-day high of Rs 46,135.

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