Silver on MCX settled up 0.16% at 37757 as the dollar turned positive on the back of economic data that topped expectations, reducing investor appetite in the metal. U.S. home building surged to a four-month high in June, but construction activity remains constrained by rising lumber prices and labour and land shortages. Prices have lost some upward traction as the US dollar halted a plunge but stayed around 10-month lows.

Trading Ideas:

* Silver trading range for the day is 37283-38061.

* Silver settled flat as the dollar turned positive on the back of economic data that topped expectations, reducing investor appetite in the metal.

* Fading expectations for another rate hike by the Federal Reserve this year further weighed on the greenback.

* Fed Chair Janet Yellen last week suggested a more cautious approach to U.S. tightening.

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