Silver futures were trading higher during afternoon trade in the domestic market on Tuesday as investors and speculators extended their positions in the precious metal on boosting safe-haven appeal of bullion as Asian equities and the greenback weakened ahead of the UK national election and the European Central Bank (ECB) meeting scheduled for Thursday. Besides, James Comey, former Chief of the US Federal Bureau of Investigation (FBI), is due to appear before a Senate committee for the first time on Thursday.
He was fired by the US President Trump last month, while leading a probe into alleged Russian meddling in last year’s US selection. On MCX, for July 2017 the future contract is trading Rs 40737/kg by 0.70%, opening at Rs 40452, against a previous close of Rs.40453 and touches the Intraday high of Rs. 40744.
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