Silver on MCX settled up 0.64% at 41692 on a weaker dollar and safe haven buying on uncertainties over U. S. policy after Donald Trump was sworn in as president. The U. S. dollar index dollar sold off amid disappointment that U. S. President Donald Trump’s inauguration speech on Friday proved light on detail over his plans for economic stimulus. Trump addressed U. S. manufacturing executives with a repeated promise to impose a border tax on firms that import products into the United States after moving American factories overseas and announced the country had abandoned the Trans-Pacific Partnership trade pact among a dozen nations. Trump's promises of tax cuts and higher federal spending continue to hold the market's attention, but details are sparse. Jeffrey Lacker, the hawkish president of the Federal Reserve Bank of Richmond, said on Monday he is worried inflation could surge unless the U. S. central bank raises interest rates faster than his fellow policymakers anticipate. China had a significantly larger fiscal deficit in 2016 than it targeted, according to a calculation based on preliminary data released by the Finance Ministry. Besides the GDP report, this week's calendar also features U. S. data on existing home sales on Tuesday, initial jobless claims and new home sales on Thursday, followed by durable goods orders and revised consumer sentiment on Friday. A recent string of solid data reinforced the view that the U. S. economy is sufficiently robust to warrant higher interest rates in the months ahead. Technically market is under fresh buying as market has witnessed gain in open interest by 1.5% to settled at 13219 while prices up 267 rupee, now Silver is getting support at 41346 and below same could see a test of 40999 level, And resistance is now likely to be seen at 41935, a move above could see prices testing 42177.

Trading Ideas:

# Silver trading range for the day is 40999-42177.

# Silver gained on a weaker dollar and safe haven buying on uncertainties over U. S. policy after Donald Trump was sworn in as president.

# Investors will get back to the business of watching economic data for fresh indications on the health of the economy in the week ahead.

# A recent string of solid data reinforced the view that the U. S. economy is sufficiently robust to warrant higher interest rates in the months ahead.