Silver On MCX Settled Up 0.18% At 40766 On Dollar Weakness

Silver on MCX settled up 0.18% at 40766 on dollar weakness but gains were limited ahead of a meeting of the U.S. Federal Reserve and on clues of future interest rate hikes this year. 

The Federal Reserve raised interest rates, a move that was widely expected but still marked a milestone in the U.S. central bank's shift from policies used to battle the 2007-2009 financial crisis and recession. 

The central bank saw two more rate hikes in 2018 for a total of four and three increases in 2019.

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