Recession 2011: Silver Futures Up on Firm Global Cues
Source: Economic Times (8/8/11)
"Trading sentiments turned bullish after the prices in the overseas markets climbed."
Silver prices rose by Rs 1,802 to Rs 63,700 per kg in futures trade today on increased buying by speculators, driven by a firming global trend.
On the Multi Commodity Exchange, silver for delivery in May spurted by Rs 1,802, or 2.91%, to Rs 63,700 per kg, recording a business volume of two lots.
The white metal for September delivery rose by Rs 2,120 or 3.63% to Rs 60,499 per kg, with a business volume of 13,746 lots. . .View full article