Silver rose more than gold and ended 1.08 percent higher at $18.84/oz on Comex. The white metal tracked gains in gold and equities.

The benchmark MSCI world index for stocks closed 0.30 percent up. LME remained closed yesterday. Ishares silver trust maintained its holdings at 8912.94 MT.

MCX silver futures also rose in line with international markets and closed 0.84 percent higher at Rs. 28,536/kg.

Outlook

Silver incurred early losses and traded down to $18.77/oz in Asia along with equities and gold taking initial declines.

Silver will continue to track gold and equities, meaning silver prices are expected to move higher for the day.

Economic data from the US are slightly mixed as factory orders are declining while pending home sales rose 4 percent.

Data may have mixed impact on the dollar index. Base metals will provide further direction to silver prices.

MCX silver futures are expected to open lower with prices picking up in the later sessions.