DAILY BUZZ
SILVER
- Tracking a weak global trend, silver prices moved down by 0.56 per cent to Rs 42,985 per kg in futures trade today as speculators partially offloaded positions.
- At the Multi Commodity Exchange, silver for delivery in May moved down by Rs 756, or 0.56 per cent, to Rs 42,985 per kg in a business turnover of 394 lots.
- Similarly, the white metal for delivery in July declined by Rs 221, or 0.50 per cent, to Rs 43,784 per kg in 15 lots.
- Market analysts said speculators trimmed positions in tandem with a weak global trend as an improving US economy weighed against Ukraine and that put pressure on the silver prices at futures trade.
- Meanwhile, silver fell by 0.60 per cent to USD 19.86 an ounce in Singapore.
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