Monday, October 10, 2016

Commodity Watch: Silver shines on global cues

In the domestic market Silver futures closed high on Friday as investors & speculators widened their positions in the precious metals amid firm trend in global markets. 

Further, participants build up of positions by tracking a little better trend in global markets for precious metals after the September US non-farm payrolls came in at up 156,000, which was a slight miss to the downside from market expectancy of a rise of 170,000, supported prices for silver at futures trade.

At the MCX, silver futures for Dec 2016 contract ended at Rs 41846 per kg, upward by 0.78 %, after opening at Rs 41625, against a last close of Rs 41521. It touched the intra-day high of Rs 42300.

Read More- White Metal Update