Silver futures fell during afternoon trade in the domestic market on Monday as investors and speculators exited their positions in the precious metal on weak domestic demand amid stronger greenback. Besides, US Fed Chair Janet Yellen’s optimistic remarks on the US labour market, strengthened the possibility of further rate hikes next year, influenced prices of silver at futures trade. Moreover, prices of precious metals are expected to remain rangebound due to thin volumes led by Christmas and Year end holidays in the global markets.

                     At the MCX, silver futures for March 2017 contract is trading at Rs 38,496 per kg, down by 0.26 %, after opening at Rs 38,740, against a previous close of Rs 38,595. It touched the intra-day low of Rs 38,325. 

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