New Delhi, Dec. 18 -- Silver traded flat but slightly in the red on Thursday, December 18, amid profit booking at record highs and a mild uptick in the US dollar ahead of the key US CPI inflation print.

While dovish Federal Reserve signals continued to support precious metals, the strength in the dollar kept gains in check, even as silver hovered near record high levels. The metal has rallied sharply through November, driven by supply tightness, rupee weakness and rising expectations of a December rate cut.

On the Multi Commodity Exchange (MCX), silver March futures were down 0.47% at Rs.2,06,451 per kg. In the previous session, silver hit a fresh record high of Rs.2,07,833 and closed 5% higher at Rs.2,07,760.

In the international mark...