MUMBAI (Commodity Online): MCX Silver is trading up by over 1.20% on Saturday trade. March month contract is trading at Rs 55516 after opening the day at Rs 55040.

-Indian government's decision to raise silver duties seem to have not affected investor demand. Many traders and analysts expect higher prices in the coming days.

-China's weak PMI also contributed to the strength of the metal. The index was below 50 for the third straight month in January signalling economic contraction in one of the largest and fastest growing economies in the world.

The metal had closed Friday at Rs 54825

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