Silver On MCX Settled Down -0.79% At 36608 Pressured Lower By The Stronger Dollar

Silver on MCX settled down -0.79% at 36608 pressured lower by the stronger dollar, which bounced on expectations for higher U.S. interest rates and rising trade tensions. 

The dollar was boosted after the latest Federal Reserve meeting minutes indicated that further interest rate hikes are in the pipeline. 

Fed policymakers said they continued to expect the U.S. economy to expand at an above-trend pace. The minutes also showed that officials discussed how global trade disputes could affect businesses and households.

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