Golden Investment Research Private Limited
MCX Silver Q1, 2012
MUMBAI (Commodity Online): The year 2011 has been mixed as far as movement in MCX Silver prices is concerned. After marking a close to all-time high of $49.83/oz in April’11, the white metal witnessed sharp downside to levels around $26/oz in the second-half of the year.
Economic concerns have dominated movement in silver prices, as it is an industrial metal apart from being a precious metal. Silver has taken mixed cues during the year i.e. from Gold and base metals.
Spot Silver slipped around 7.4 percent but silver futures on the MCX closed higher by 2 percent in the same period as Rupee weakness supported upside. Silver futures on the Comex witnessed a sharp fall of 7.2 percent in the fourth quarter of last year and prices of spot silver in Mumbai also declined almost 2 percent, touching a low of Rs48,980/kg in the last quarter of 2011.
HI GOLDENNIFTY GOOD EVENING TODAY SILVER LIVE NEWS VERY SUPER THANK U
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