MCX Silver March futures down 0.74 per cent with a weakening trend overseas

Prices of MCX silver futures fell Friday as speculators committed in lowering their positions to a large extent in sync with a weakening trend overseas.

At the Multi Commodity Exchange, silver to be delivered in the distant March the next contract year 2015 fell by Rs 270, or 0.74 percent, to 36,445 rupees per kg. Yesterday MCX Silver March futures contract had fallen by Rs 706, or 1.88 percent at Rs 36,793.

At the Multi Commodity Exchange, Silver DEC 2014 Opening Price Rs 35785.00. Prices of silver touched an intraday high of Rs 35785.00 and an intraday low of Rs 35580.00.

In the international market, Silver for immediate delivery fell as much as 1.2 percent to $16.0507 an ounce, the lowest since Nov. 20 and set to halt two weeks of gains.

KheloMCX Commodity Advisory offers MCX Silver free trading tips, Intraday Silver tips, visit today for free advisory: http://khelomcx.com/free-trial-commodity-tips

MCX Silver March futures contract rises 0.25 percent to Rs 37,580

MCX Silver futures prices were trading higher on Wednesday.

At the Multi Commodity Exchange, Silver March contract was trading up at Rs 37,580 by 0.25 percent. Prices of silver touched an intraday high of Rs 37585 and an intraday low of Rs 37495. MCX exchange addressed 143 futures contracts have traded today.

While, at Silver December contract 880 new futures contracts have been traded.

In Delhi bullion market today, silver ready rose by Rs 175 to Rs 37,200 per kg and weekly-based delivery by Rs 165 to Rs 36,620 per kg.

Silver coins spurted by Rs 1,000 to Rs 63,000 for buying and Rs 64,000 for selling of 100 pieces.

In the global marketplace, Silver futures for March delivery gained 0.1 percent to $16.625 an ounce.

KheloMCX Commodity Advisory offers MCX Silver free trading tips, Intraday Silver tips, visit today for free advisory: http://khelomcx.com/free-trial-commodity-tips

MCX Silver March futures contract rises 0.25% to Rs 37,130 per kg on fresh positions

Silver prices rose 0.25% on Monday as investors create new positions, ignoring the metal weakness globally.

At the Multi Commodity Exchange, Silver futures delivery for March 2015 rose by Rs 92, or 0.25%, to Rs 37,130 per kg. Silver prices touched an intraday high of Rs 37,136 and an intraday low of Rs 37,046. So far 96 futures contracts have been traded on MCX futures Exchange.

Also on the New York Comex, Silver March futures delivery marginally up 3.4 cents, or 0.21%, to trade at $16.49 a troy ounce.

Bullion Market Analysts had attributed the rise in prices of silver in futures trading to new positions built up by profiteers even as metal weakens globally.

In Delhi, aligned with firmly overall trend, silver ready traded higher by Rs 100 to Rs 36,650 per kg and weekly-based delivery by Rs 80 to Rs 36,160 per kg.

The silver coins also sprouted Rs 1,000 to Rs 61,000 for purchase and Rs 62,000 for selling of 100 pieces on rising demand of the wedding season.

KheloMCX Commodity Advisory offers MCX Silver free trading tips, Intraday Silver tips, visit today for free advisory: http://khelomcx.com/free-trial-commodity-tips

MCX Silver March futures prices declines nearly 2% on global cues

Silver futures prices on MCX fell on Thursday as of weak signals of the global market amid dollar strength.

At the Multi Commodity Exchange, Silver March futures prices was trading down at Rs 36,540 by Rs 718, or 1.93 percent. Silver touched an intraday session high of Rs 36,738 and an intraday session low of Rs 36540. So far 431 futures contracts have been traded.

While, futures prices for delivery in December 2014 was trading down at Rs 35,636 by Rs 736, or 2.02 percent. Prices hit an intraday session high of Rs 35,920 and an intraday session low of Rs 35,636.

In the international marketplace, silver lost 0.60% to $ 16.05 an ounce in Singapore. Also on the Comex, silver futures for delivery in December has fallen 14.1 cents, or 0.87%, to trade at $ 16.15 a troy ounce.

KheloMCX Commodity Advisory offers MCX Silver free trading tips, Intraday Silver tips, visit today for free advisory: http://khelomcx.com/free-trial-commodity-tips

MCX Silver March futures trades higher by 1.77 percent at Rs 37,033 per kg

Silver futures prices on MCX trades higher on Tuesday. At the Multi Commodity Exchange, Silver futures prices were strongly up by 1.77 percent at Rs 37,033 per kg today as white metal traders built fresh positions buoyed by firm global cues. Silver prices touched an intraday session high of Rs 36,576 and an intraday low of Rs 36491. So far 48 contracts have been enter into morning trade session.

On the global marketplace, Bullion rose to the highest in two weeks after Russia said it added more bullion to its reserves and as a fall in the dollar boosted demand for the metal as an alternative investment.

In New York, Comex Silver futures for delivery in December rose 1.1 percent to $16.235 an ounce.


KheloMCX Commodity Advisory offers MCX Silver free trading tips, Intraday Silver tips, visit today for free advisory: http://khelomcx.com/free-trial-commodity-tips

MCX silver December futures decline 0.48 per cent on weak global cues

MCX Silver prices gained on earlier morning on Monday. But now silver bullish bet is looking beaming at downward. MCX silver is looking at a decline of 0.48 percent to Rs 34.628. In morning trade, Silver rate touched an intraday high of Rs 35190 and an intraday low of Rs 35022.

Silver has been falling in the last two years from the previous peaks. But the demand for silver back, experts say.

Silver for December delivery was down 0.8 percent to $ 15.595 an ounce in New York. He advanced a 2 percent on November 7, most in four weeks, recovering from the lowest since 2010.

KheloMCX Commodity Advisory offers MCX Silver free trading tips, Intraday Silver tips, visit today for free advisory: http://khelomcx.com/free-trial-commodity-tips

MCX Silver December futures falls 1.35% as stronger dollar erodes metal demand

MCX Silver prices driven low 1.35 percent at 33,810 rupees per kg in the futures market today as the market players cut positions as a stronger US dollar eroded demand for the metal.

At the Multi Commodity Exchange, silver futures delivery in December declined by Rs 461, or 1.35 percent at 33,810 rupees per kg. And March futures negotiated lower by Rs 466, or 1.33 per cent to Rs 34,500 per kg.

On Comex silver rose 0.4 percent to $ 15.40 an ounce, after plunging by over 4 percent on Wednesday to a year low of $15.13 after after the ECB President Mario Draghi, stated their commitment to use unconventional measures to stimulate weak the eurozone economy.

Silver fallen to its lowest level in more than four years as a sign that the US dollar is headed toward the highest weekly gain in more than 16 months, to curb demand. The metal fell 5.1 percent this week.

KheloMCX Commodity Advisory offers MCX Silver free trading tips, Intraday Silver tips, visit today for free advisory: http://khelomcx.com/free-trial-commodity-tips

MCX Silver December contract declines over 4% to under Rs 34,000

 Gold and silver futures prices in the international market once again slipped to below near 4-year. On MCX silver,a much degradation is also seeing than gold, with the decline of 4 per cent is silver trading seen under 34,000.

At MCX Silver December futures contract was trading at Rs 33954 down Rs 1500, or 4.48 percent. Silver touched an intraday high of Rs 35,227 and an intraday low of Rs 34950. So far 3291 contracts have been traded.

Silver futures contract in December plunged 4.5 percent to $ 15.235 an ounce in New York, and set to $ 15.12, the lowest level since Feb, 2010. Silver ETP holdings fell 101.3 tons yesterday, the most since October 8, data compiled by Bloomberg.

At Indian bullion spot market, Silver dropped by Rs. 900 to Rs. 35,050 per kg and weekly-based delivery by Rs. 1,210 to Rs. 34,730 per kg in the national capital today.

In accordance with the users (The Silver Institute), the worldwide demand for silver jewelry transferred from 181.4 million oz in 2012 to 198,8 million ounces in 2013, up 10 percent. As compared, sales of silver eagle were over 40 million.

Bullion traders said weakening trend on global markets as dollar strength eroded demand mainly position the stress on the precious metal.

KheloMCX Commodity Advisory offers MCX Silver free trading tips, Intraday Silver tips, visit today for free advisory: http://khelomcx.com/free-trial-commodity-tips