Silver trading range for the day is 40421-42129. Silver dropped following pressure from strong U.S. economic data and support from Federal Reserve Chair Janet Yellen for higher U.S. interest rates. Feds John Williams said that while there was uncertainty over the economic outlook, it was no more pronounced than usual. The European Central Bank stuck to its super-easy monetary policy on Thursday, telling those calling for a tightening.

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Silver on MCX settled down -1.73% at 41270 following pressure from strong U.S. economic data and support from Federal Reserve Chair Janet Yellen for higher U.S. interest rates.  Federal Reserve Chair Janet Yellen said that running a "hot" economy for an extended period would be a risk.