Silver futures were trading higher during the evening trade in the domestic market on Thursday as investors weighed minutes from the FOMC released on Wednesday which showed that several policymakers called for rate tightening “relatively soon” with improved economic data and fears over an acceleration in inflation also bolstering the case to raise borrowing costs.

However, the Fed re-iterated that the path of rate tightening will be gradual, auguring well for Silver, which like Gold is a non-interest bearing asset. At the MCX, silver futures for December 2016 contract is trading at Rs 42240 per kg, up by.

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