Live Breaking News & Updates on Mcx March Silver Futures
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Silver futures trade flat at Rs 69,603 per kg on subdued global cues In the futures market, silver for March delivery touched an intraday high of Rs 69,948 and a low of Rs 69,420 per kg on the MCX. Silver Silver prices were steady at Rs 69,603 per kg on February 10 as participants increased long positions as seen by the open interest. The precious metal had eased 0.6 percent yesterday on the COMEX. The white metal traded flat after a gap up open tracking subdued global cues and a weak dollar. Kotak Securities said, after days of sharp volatility, silver has stabilised and is reflecting the general trend in gold and industrial metals. However, prices are still well above the levels before the start of recent buying frenzy while gold-silver ratio also remains near record lows which shows there is room for more correction. ....
Silver futures rise 1.65% to Rs 67,992 per kg as dollar retreats from two-month high The spot gold-silver ratio currently stands at 67.87 to 1 indicating that silver has outperformed gold. Silver Silver prices soared to Rs 67,992 per kg on February 5 as participants increased their long positions as seen by the open interest. The precious metal had declined 2.4 percent yesterday on the COMEX. The white metal extended gains after opening gap up to trade at day’s high in the afternoon session tracking gains in gold and a weak dollar. Silver prices were also supported by the positive economic data and optimism that the global economy is recovering from the pandemic. ....
Silver futures soar to Rs 73,645 per kg on strong demand; up nearly 15% since January 28 In the futures market, silver for March delivery touched an intra-day high of Rs 73,888 and a low of Rs 71,650 per kg on the MCX. Silver Silver prices soared to Rs 73,645 per kg on February 1 as participants increased their long positions as seen by the open interest. The precious metal had gained 4.6 percent last week on the MCX. The white metal prices started with a gap up trade on February 1 in Asian trade, up by over 4.5 percent amid talks that silver was the new target for the retail crowd and a wave of fresh enthusiasm from online traders. ....