Silver futures were trading lower in the domestic market on Friday as investors and speculators remained on the sidelines in the precious metal and booked profits on muted safe-haven demand despite political risks from elections in Europe and worries over US President Trump’s policies. Participants globally are concerned about the strong showing in the French presidential race of far-right candidate Marine Le Pen, who has promised to take France out of the euro zone and to hold a referendum on the European Union membership. 

At the MCX, silver futures for March 2017 contract is trading at Rs 41850 per kg, down by 0.43 per cent, after opening at Rs 42145, against a previous close of Rs 42031. It touched the intra-day low of Rs 41793.

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Silver trading range for the day is 41580-42638.Silver dropped as some renewed strength in U.S. dollar, as well as a rise among most U.S. equities helped to dull the metals appeal.