Silver futures fell during noon trade in the domestic market on Friday as investors and speculators exited positions in the precious metal amid caution ahead of the US retail sales data to gauge the health of the world’s biggest economy, with lack of clarity over the timing of the next US Federal Reserve interest rate hike.

Analysts expect retail sales in the US to have risen 0.4 per cent, month-on-month in July, following a 0.6 per cent advance in June. At the MCX, silver futures for September 2016 contract is trading at Rs 46,330 per kg, down by 0.91 per cent, after opening at Rs 46,626, against a previous close of Rs 46,755. It touched the intra-day low of Rs 46,185.Visit Us http://www.ripplesadvisory.com/agri-commodity.phpor Get Free Trials Just Give One Missed Call @98-27-80-80-90.

                    Trading Ideas 

1. Silver trading range for the day is 46075-47559.

2. Silver dropped as weekly U.S. jobless claims data offered few clues on whether the Federal Reserve will raise interest rates in the coming months.      

3. The central bank should raise interest rates further this year, San Francisco Fed President John Williams said in an interview.          

4. The number of individuals filing for initial jobless benefits decreased by 1,000 to 266,000 last week, the Labor Department said.