Silver on MCX settled up 0.56% at 41530 buoyed by a dip in the dollar, as weaker than expected economic data and fears that President Trump failed to secure enough Republican votes to push a key healthcare bill through congress weighed on the greenback. The outcome of a vote on a bill to repeal and replace parts of Obamacare remained front and center on Friday, as investors worried that a negative outcome would cast a doubt on Trump’s ability to push through more ‘market sensitive’ legislation such as a tax reform.

Trading Ideas: 

*Silver trading range for the day is 41045-41861. 

*Silver gained buoyed by a dip in the dollar, as weaker than expected economic data weighed on the greenback. 

* Fed’s delicate interest-rate hikes are necessary given the economy is stable and any further fall in unemployment could lead to an inflation run-up. 

*The Commerce Department said, orders for core durable goods, a category that excludes aircraft and military goods rose 0.4% in February.

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