Silver futures were trading higher during the afternoon trade in the domestic market on Monday as investors and speculators widened their bets in the precious metal tracking a firm trend overseas ahead of the central bank meetings in Japan and the US this week. The safe-haven assets become more attractive for investors amid uncertainty as compared to riskier assets.

 At the MCX, silver futures for December 2016 contract is trading at Rs 45,865 per kg, up by 1.31 per cent, after opening at Rs 45,620, against a previous close of Rs 45,273. It touched the intra-day high of Rs 45,998.Silver on MCX settled down -0.8% at 45273 as a stronger U.S. dollar and jitters over the path of monetary policy weighed on demand. Investors have been reluctant to add long positions in bullion ahead of the Federal Reserve’s two-day policy meeting, which concludes Wednesday. 

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