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Silver futures were little changed during evening trade in the domestic market on Monday as investors and speculators build up fresh bets in the precious metal despite hopes of further interest rate hikes, with investor attention on more views from the US Fed. 

Also, Chicago Federal Reserve President Charles Evans on Friday said that the central bank could raise interest rates 3 times this year, capped further rise in gold prices at futures trade. Moreover, US employment increased less than expected in the month of December, however a rebound in wages pointed to sustained labor market momentum that sets up the economy for stronger growth and more interest rate rises this year, too restricted gold prices rise at futures trade. 

At the MCX, silver futures for March 2017 contract is trading at Rs 40359 per kg, up by 0.04 per cent, after opening at Rs 40330, against a previous close of Rs 40342. It touched the intra-day high of Rs 40464.