Silver Shines As dollar Hurt on Trump’s Healthcare Defeat

Silver futures were trading higher during evening trade in the domestic market on Monday as investors and speculators extended their positions in the precious metal buoyed by safe-haven demand on weakness in the US dollar as traders weighed down US President Trump’s defeat over passing healthcare reform, raised doubts over his ability to push through his economic agenda. Trump suffered a major setback after his own Republican party pulled legislation to overhaul the US healthcare system.
At the MCX, silver futures for May 2017 contract is trading at Rs 41818 per kg, up by 0.69 per cent, after opening at Rs 41650, against a previous close of Rs 41530. It touched the intra-day high of Rs 41840 (at 16:17 hours).
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