Silver on MCX settled down -3.05% at 46225 after a better-than-expected jobs report dented safe-haven demand and increased concerns that the Federal Reserve could raise interest rates in the coming months.

  U.S. employment increased more than expected in July and wages picked up, which should bolster expectations of an acceleration in economic growth and raise the probability of a Federal Reserve interest rate hike this year. Nonfarm payrolls rose by 255,000 jobs last month as hiring increased broadly after an upwardly revised 292,000 surge in June, the Labor Department said.

Last month's strong job growth should reinforce the Fed's confidence in a labor market that officials view as at or near full employment. Fed Chair Janet Yellen has said the economy needs to create just under 100,000 jobs a month to keep up with population growth. Visit Us www.ripplesadvisoryx.com/freetrial.php or Get Free Trials Just Give One Missed Call @98-27-80-80-90.

Technically market is under fresh selling as market has witnessed gain in open interest by 0.59% to settled at 11431 while prices down -1452 rupee, now Silver is getting support at 45681 and below same could see a test of 45138 level, And resistance is now likely to be seen at 47240, a move above could see prices testing 48256.