Following gold, silver futures were trading lower during the afternoon trade in the domestic market on Tuesday as traders cut down their bets in the precious metal amid weak overseas cues.
Further, the fall in demand for silver was mostly in-line with a weak trend in global markets as signs of US economic resilience boosted world equities and the dollar, reducing demand for the precious metal as a safe haven.
At the MCX, silver futures for September 2016 contract is trading at Rs 46,088 per kg, down by 0.43 per cent, after opening at Rs 46,198, against a previous close of Rs 46,287. It touched the intra-day low of Rs 46,027 (at 13:00 hours).
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