Silver on MCX settled up 1.56% at 41599 as stocks and the dollar fell after U.S. President-elect Donald Trump said the greenback was "too strong" and British Prime Minister Theresa May promised a parliamentary vote on Brexit. U.S. President-elect Donald Trump said the strength of the U.S. dollar against China's yuan "is killing us. This year there are lots of uncertain political events, including elections, so if you looking for a bit of a refuge from stormy seas gold will be one of those safe assets that you would park some money in. From other data side and numbers of speeches yesterday San Francisco Federal Reserve Bank President John Williams on Tuesday called for gradual U.S. interest-rate hikes over the next few years to keep the economy from overheating and ultimately falling into recession. Fed Chair Janet Yellen will have an opportunity to lay out her thinking with speeches on monetary policy on both Wednesday and Thursday this week. Also Fed Governor Lael Brainard, a leading Federal Reserve proponent of low interest rates, said on Tuesday the U.S. central bank might hike rates more aggressively if deficit spending under the Trump administration produced a quick economic boost. Meanwhile the United Nations expects global economic growth to rise to 2.7 percent this year and 2.9 percent in 2018, and said Brexit and U.S. President-elect Donald Trump's tax policies could have adverse effects. Technically market is getting support at 41196 and below same could see a test of 40794 level, And resistance is now likely to be seen at 41890, a move above could see prices testing 42182.

Trading Ideas:

Silver trading range for the day is 40794-42182.

Silver gained as the U.S. dollar plunged amid lingering uncertainty over President-elect Donald Trump's economic policies.

Fed’s Brainard said the U.S. central bank might hike rates more aggressively if deficit spending under the Trump administration produced a quick economic boost.

The United Nations expects global economic growth to rise to 2.7 percent this year and 2.9 percent in 2018.