It was a volatile session yesterday which helped silver close higher. White metal followed base metals and surged later during the day after US retail sales data was released.
Retail sales declined in May for the first time in 11 months, but the decline was less than expected.
Holdings of the largest silver-backed exchange-traded fund (ETF), New York's iShares Silver Trust, fell 0.44 percent from Monday to Tuesday.
With dollar getting stronger against most major currencies, silver prices can find resistance at higher levels. Upside in Silver (MCX) can be curtailed around Rs 54,000/kg.
