Silver futures fell during noon trade in the domestic market on Thursday as investors and speculators exited positions in the precious metal amid caution ahead of Friday’s US retail sales data which will offer fresh cues over the health of the world’s biggest economy and could have a bearing on the timing of further US policy tightening.Visit Us http://www.ripplesadvisory.com/agri-commodity.phpor Get Free Trials Just Give One Missed Call @98-27-80-80-90. 

Analysts expect retail sales in the US to have risen 0.4 %, month-on-month in July, following a 0.6 % advance in June. Silver, a non-interest bearing asset, tends to loose sheen in a rising interest rate scenario. At the MCX, silver futures for September 2016 contract is trading at Rs 47,064 per kg, down by 0.11 per cent, after opening at Rs 46,871, against a previous close of Rs 47,115. It touched the intra-day low of Rs 46,477.

                       Trading Ideas  

1. Silver trading range for the day is 46115-48135.

2. Silver gained as investors reevaluated the likelihood that the Federal Reserve will raise interest rates this year.           

3. U.S. job openings increased in June and layoffs dropped to their lowest in nearly two years as labour market conditions tightened further.          

4. The Labor Department said nonfarm business sector labor productivity fell 0.5% in the second quarter, extending the longest decline since 1979.