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Showing posts with the label silver trading tips

Silver rises on firm global cues

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Silver futures closed higher in the domestic market on Tuesday as traders enlarged positions, tracking a firm trend overseas. Analysts said speculators enlarged positions in tune with a firm global trend, which mainly pushed up silver prices at the futures trade. At the MCX, Silver futures for September 2016 contract closed at Rs 46,385, per 1 kg, up by 0.56 per cent after opening at Rs 46,523, against the previous closing price of Rs 46,125. It touched the intra-day high of Rs 46,820. Register Now to Earn More Profit:  

Silver in reverse gear on global cues

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Following gold, silver futures closed lower in the domestic market on Thursday as participants cut down their holdings as strength in the US stock market and the dollar offset support from a report showing strong investment demand for precious metals in the first half of 2016. At the MCX, silver futures for September 2016 contract is trading at Rs 46,750 per kg, down by 0.77 per cent, after opening at Rs 46,871, against a previous close of Rs 47,115. It touched the intra-day low of Rs 46,477. Register Now and Earn More Profit:  

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Silver Low on strong United State job data

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Silver futures closed lower in the local market on Friday after data showed the U.S. economy created more jobs than expected in July, raising the chances of an interest rate hike from the Federal Reserve in the coming months. Stocks also vaulted up after the employment report was released, signaling fading demand for havens and a spike in risk appetite. At the MCX, Silver futures for September 2016 agreement closed at Rs 46,161, per 1 kg, down by 3.18 per cent after opening at Rs 47,605, against the last closing price of Rs 47,677. It touched the intra-day low of Rs 46,154. Register Now For More Profit