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.

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Commodity Watch: Silver dips on weak global signs

Silver futures on Wednesday closed down in the domestic market as participants engaged in trimming their positions taking weak signs from global market. Marketmen attributed the drop in silver prices at futures trade to a weak trend in the precious metals overseas & profit-booking by participants at existing levels.

At the MCX, silver futures for Dec 2016 contract closed at Rs 42,800 per kg, downward by 0.19 %, after opening at Rs 42,950, against a previous close of Rs 42,881. It touched the intra-day low of Rs 42,120.

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Silver futures Plunged During Noon trade in the Domestic Trade

Silver tips - Silver futures were trading in the red during noon trade in the domestic market on Tuesday as investors and speculators stuck to a cautious stance amidst heightened speculation that the US Federal Reserve may raise interest rates next week, for the first time since 2006, dimming the lure for the bullion as a store of value. Backing up robust November jobs data which showed a strengthening labour market recovery in the world’s biggest economy, a top Fed official on Monday also dropped a strong hint of a rate lift-off at the Fed’s two-day policy meet beginning next Tuesday.

 

A slump in oil prices to a seven-year low signaled weaker global inflationary pressures, dimming the appeal of the precious metal, a hedge against rising prices. Oil prices have hit the freefall mode on concerns that the OPEC’s decision to refrain from limiting output to control prices may aggravate a supply glut.

At the MCX, Silver for March 2016 contract is trading at Rs 34,606 per kg, down by 0.47 per cent, after opening at Rs 34,725, against the previous closing price of Rs 34,771. It touched an intraday low of Rs 34,552

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MCX Gold and Silver Tips, Copper and Crude Updates, NCDEX Tips

As we know that yesterday all products in MCX Commodity Market were closed at negative prices. But today all are trading at positive prices. MCX Gold is trading above Rs. 28,900 and MCX Silver is trading near at Rs. 55,700. MCX Copper is also trading at higher prices today, it is trading above the level of Rs. 400. We assume that MCX Gold, Silver, Copper, Crude all are trading at higher price today. All base metals are trading flat today.

NCDEX Agri Commodity Market Updates Today:
Outlook for Soybean is seen down for the day. CPO is expected to trade lower. Guar Complex is expected to trade sideways to lower for the day. Outlook for Chana is up for the day. Outlook for Jeera is sideways to down for the day. Pepper futures to trade lower for the day.

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Crude Updates - MCX Commodity Market News and Tips

Today is the new day for trading in new week. Last week we saw both MCX and NCDEX Commodity Market Prices were very up and down. Last week MCX Copper and Gold Prices touch the highest price levels where MCX Silver prices touch lower price levels as compare to last 2 months. This week we can see very up and down of the prices of MCX Gold, Silver, Copper, Crude and other Base Metals. Today MCX Gold, Silver, Copper, Crude are trading at lower prices. Only few Base Metals are trading at higher prices today. MCX Gold is trading near at Rs. 28,700 and MCX Silver is trading near at Rs. 54,550. MCX Gold price is very up and down for the day. Now MCX Gold is trading at positive price.

NCDEX Agri Commodity Market News:-
Pepper futures may trade in consolidation owing to sideways trend prevailing at the spot markets. Jeera futures may trade range bound. Chana futures may hold support above 3,500 levels. For this week Guar seed has resistance at 4540 and support at 4265. For this week Chana has resistance at 3635 and support at 3525.

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MCX Commodity Market Updates Today | mcx trading tips

Today again most of the metals in MCX Commodity Market are trading at negative prices. MCX Gold, Silver, Copper and other Base Metals are trading at lower prices today. MCX Crude is trading at higher prices today. Yesterday MCX Gold price was closed at Rs. 29,000 but today it open at negative price. We assume that all Base Metals prices are trading lower for the day. We can see some Up and Down movement in the prices of MCX GOLD AND MCX SILVER. 

Precious metals (MCX Gold and Silver) are trading lower on MCX today. All Base metals are trading lower on International bourses today.  We expect prices of all Base Metals to trade lower for the day. Crude oil is trading higher on MCX Commodity Market today.

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MCX and NCDEX Commodity Market Updates Today

Today MCX Commodity Market again trading negative. All the products in MCX Commodity Market MCX Bullions, Base Metals, Energy are trading negative for the day. MCX Gold, Silver, Copper, Crudeoil and all Base Metals are trading at lower prices today. MCX Gold Dec is currently at Rs. 29064,it is trading down by Rs. 107 points for the day. MCX Silver Dec is currently trading at Rs. 57638, it is down by Rs. 347. MCX Crude Oil December is currently trading at Rs. 5015, it is trading down by Rs. 15 for the day. All base metals are trading on a negative note today.

Precious metals (Bullions: Gold and Silver) are trading lower on MCX Commodity today. We expect prices to trade lower for the following  trading session. All Base metals are trading lower on International bourses today. We expect prices to trade lower for the day. Crude oil is also trading lower on MCX Commodity Market today. We expect prices to trade lower for the day.

NCDEX Agri Commodity Market News and Updates Today:
Pepper futures to trade lower for the day. Pepper futures may remain sideways facing resistance neat 35,050 levels. Turmeric futures may trade higher. Cardamom futures may trade in bearish zone. Outlook for Soybean is seen up for the day. Guar Complex is expected to trade lower for the day. Outlook for Chana is up for the day. Outlook for Jeera is sideways to down for the day.

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