Silver on MCX settled down -0.37% at 38294 amid a wider selloff in metals fueled by the stronger dollar and building trade tensions.
Fed Chairman Jerome Powell in a two-day congressional testimony said he believed the United States was on course for years more of steady growth and reaffirmed expectations for more interest rate rises in the world's largest economy.
Trump criticized Federal Reserve policy even though most economists believe the highest inflation in seven years and lowest unemployment in 40 years justify recent interest rate rises and a strong U.S. dollar.
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