Silver futures were trading lower during the morning trade in the domestic market on Wednesday as investors and speculators trimmed their positions in the precious metals at the domestic spot markets as traders across the globe remained cautious ahead of the outcomes of the key central bank policy meetings in Japan and the US later today.

                                 The expectations are higher that the US Fed will leave interest rates unchanged, but participants are looking for commentary and guidance for the timing of next interest rate hike. At the MCX, silver futures for December 2016 contract is trading at Rs 46,001 per kg, down by 0.30 per cent, after opening at Rs 45,920, against a previous close of Rs 46,138. It touched the intra-day low of Rs 45,890.For more Information Visit Us:- ripplesadvisory.com/free-trial.php and miss call -9827808090.

                            Trading Ideas

1. Silver trading range for the day is 45684-46472.

2. Silver rose as the dollar dropped ahead of a two-day U.S. Federal Reserve meeting that investors are betting will leave interest rates unchanged.          

3. A range of mixed economic figures and conflicting remarks by key Fed policymakers have kept investors guessing over the timing of the next U.S. rate increase.