Silver settled at 44823 as investors continued to fret over the possibility of an earlier-than-expected hike in U.S. interest rates. The Federal Reserve will release the minutes from its June policy meeting on Wednesday, and investors avoided the both the greenback and gold ahead of time, as uncertainty persists as to what the U.S. central bank will do with interest rates next year. Prices turned lower after U.S. Fed policymaker Jeffrey Lacker said he sees inflation firming this year. Minneapolis Fed President Narayana Kocherlakota later warned that the labor market has a long way to go until the U.S. central bank reaches its goal.  While the labor market has shown some signs of improvement, markets remain unclear as to how much time will pass from when the Fed will wrap up stimulus programs and when it will begin hiking benchmark interest rates. U.S. Treasury yields edged lower on Monday due to the ambiguity, which steadied prices. The yield on the U.S. 10-Year Treasury note fell to a one-week low of 2.57% on Tuesday due to concerns that the Fed will remain dovish on interest rates despite improvements taking place in the labor market.  Last week, the Department of Labor reported that non-farm payrolls rose by 288,000 in June, easily surpassing expectations for an increase of 212,000. A strong U.S. jobs report stoked fears of an earlier-than-expected rate hike in the world's largest economy.  Technically market is under fresh buying as market has witnessed gain in open interest by 4.55% to settled at 8187 while prices up 43 rupee, now Silver is getting support at 44613 and below same could see a test of 44404 level, And resistance is now likely to be seen at 45079, a move above could see prices testing 45336.

Trading Ideas:

Silver trading range for the day is 44404-45336.

Silver settled flat as investors continued to fret over the possibility of an earlier-than-expected hike in U.S. interest rates.

Prices seen under pressure after U.S. Fed policymaker Jeffrey Lacker said he sees inflation firming this year.

Minneapolis Fed President Narayana Kocherlakota warned that the labor market has a long way to go until the U.S. central bank reaches its goal.