MCX settled up 0.97% at 46463 tracking firmness from Comex Silver which gained 0.4 % to settled at $19.49 an ounce, having earlier touched a two-week high of $19.51 as the dollar slipped on receding expectations of an imminent U.S. interest rate rise after lower than expected jobs numbers from the United States last week. 

  Silver hit a one-week high above $19.50 on Friday after data showed U.S. employment growth slowed more than expected in August after two straight months of robust gains.

     The U.S. Federal Reserve's next policy meeting takes place Sept. 20-21 and a decision to keep policy on hold could mean a lower U.S. currency, making dollar-denominated gold cheaper and more attractive for non-U.S. buyers. 

From physical side weekly US trading data released late Friday meantime showed the value of net-bullish betting by money managers in US Silver's net bullish position amongst the 'Managed Money' category of traders has sunk almost 30% from its new all-time record high set 4 weeks later. 

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