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Silver futures little changed during afternoon trade in the domestic market on Wednesday as investors and speculators extended their positions in the precious metal as safe-haven demand rise on firm US dollar after hawkish comments overnight from the US Fed officials, while an eagerly awaited speech by US President Trump contained few surprises.
The US President pledged to overhaul the immigration system, improve jobs and wages for Americans and promised ‘massive’ tax relief to the middle class and tax cuts for companies. At the MCX, silver futures for March 2017 contract is trading at Rs 43260 per kg, up by 0.03 per cent, after opening at Rs 43107, against a previous close of Rs 43247. It touched the intra-day high of Rs 43399 (at 15:31 hours).
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