MCX Silver September Futures rose by Rs 241 to Rs 42,274 per kg on global cues

MCX Silver futures prices rose by Rs 241 to Rs 42,174 per kg in futures trading today after participating urbanized speculative positions, largely boosted by a firming trend overseas.

At the Multi Commodity Exchange (MCX) Silver September futures contract was trading at Rs 42174 up Rs 241, or 0.57 percent. Silver hit an intraday high of Rs 42180 and an intraday low of Rs 42050. So far 1617 contracts have been traded in morning session.

Similarly, Silver December futures contract was trading at Rs 42913 up Rs 251, or 0.59 percent. Prices hit an intraday high of Rs 42926 and an intraday low of Rs 42832. So far 480 contracts have been enter into morning trade session.

 KheloMCX commodity experts said, "Silver has gained momentum today on MCX and Comex. Light edge in the international market. While the weekly unemployment figures are going to come in the US today. Eurozone Consumer Confidence data is to be released. Next week is the policy of the ECB. While 0.5 per cent gains in today's silver and is trading around Rs 42200."

In the global market, bullion rose third consecutive day on heightened tensions in Ukraine and the weak dollar, tackling concerns that interest rates in the United States could rise ahead of expected due the strengthening of the economy.
Meanwhile, At U.S. Comex exchange Silver for immediate delivery rose 0.9 percent to $19.6318 an ounce.

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Silver December futures prices on MCX trades flat

Prices of silver were trading flat on MCX on Wednesday.
At the Multi Commodity Exchange (MCX), Silver December futures contract was bid at Rs 42,749 up to Rs 32, or 0.07 percent. Silver touched an intraday high of Rs 42,758 and an intraday low of Rs 42700. So far 128 futures contracts have been traded. Silver futures prices have fallen Rs 8251, or 16.18 per cent in the December series so far.

KheloMCX.com commodity experts said, "Yesterday published good economic data from the United States has taken away the shine of gold and silver. Gold and silver trading is extremely limited in the range. Consumer Confidence in America's data is quite good. Better than expected durable goods data as well. At MCX Silver is trading 0.1 per cent up to around Rs 42,000."

At global market, Silver for immediate delivery advanced 0.5 percent to $19.4594 an ounce.

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MCX Silver September futures contract slips on weak demand amid U.S. interest rate outlook

Silver futures prices fell in futures trading today as speculators cut back positions amid signs of weak global markets on interest rates outlook in the United States.

MCX Silver prices on were trading lower on Monday, at Multi Commodity Exchange, silver futures delivery in September traded lower by Rs 59, or 0.14 per cent, to Rs 41,896 per kg. Silver prices touched an intraday high of Rs 41954 and an intraday low of Rs 41860. So far 753 contracts have been traded in morning trade session on MCX.

Khelo MCX commodity market analysts attributed silver futures traded lower level on weak cues from overseas markets, as bullion market players continued to price in a greater risk of a sooner-than-expected hike in U.S. interest rates.

Also on U.S. Comex, silver for December delivery dipped 0.05%, or 0.9 cents, to trade at $19.45 a troy ounce.

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MCX Silver December futures trades lower 0.7% on weak global cues as Fed rate outlook weighs

MCX silver futures were trading lower more than 0.70% at Rs 42,780 down Rs 298 on Thursday, amid speculation that the Federal Reserve will raise interest rates sooner than expected.

At the Multi Commodity Exchange, silver for delivery in December futures was trading at Rs 42,780 down Rs 298, or 0.70%. Prices hit evening session an intraday high of Rs 42925 and an intraday low of Rs 42713. So far 355 contracts have been traded.

Also for next month Silver September futures contract was trading at Rs 42045 down Rs 296, or 0.70 percent. Prices hit an intraday high of Rs 42288 and an intraday low of Rs 41961. So far 5051 contracts have been traded.

Also on the U.S. Comex, silver for September delivery lost 1%, or 19.4 cents, to trade at $19.30 a troy ounce, the lowest since June 12.

KheloMCX Market analysts said a moderated trend in global markets as minutes meeting of the Federal Reserve signaled that policy makers can enhance borrowing costs sooner than expected.

Other officials want to see more proof for economic recovery before moving toward collection rates. Now investors looked ahead to the annual meeting of the Federal Reserve's major central bankers and economists in Jackson Hole, Wyoming, due to begin later on Thursday.

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MCX Silver futures rises on tracking a firming global trend

Silver futures prices on MCX rises on Wednesday amid tracking a firming global trend. And as a stronger dollar cut demand.

"Undoubtedly today is an important day for gold and silver because today the U.S. Federal Reserve is to release its meeting minutes. The Minutes of the interest rates in the United States, which could have a direct bearing on the cleanup dollar and commodity markets will witness. Prices moves in gold and silver before the event, was quite shaky." Commodity Advisory KheloMCX analysts said

At the Multi Commodity Exchange, silver for delivery in September traded higher by Rs 53, or 0.12%, to Rs 42,720 per kg.  Prices touched an intraday high of Rs 42,350 and an intraday low of Rs 42,276. So far 765 contracts have been traded.

From early trade is trading in a narrow range. Comex gold tick under $ 1300. Silver remains under $ 20. Silver for December delivery rose 0.3 percent to $19.54 an ounce in New York, after reaching a two-month low of $19.425 yesterday. Holdings in silver-backed exchange-traded products rose 91.2 metric tons, the most since May, to a two-month high of 19,719.8 tons yesterday.

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MCX Silver futures contract trades flat by a firm global trend as tension in Ukraine and the Middle East

Silver prices on MCX were trading flat today as market participants assessed tension in Ukraine and the Middle East.

At the Multi Commodity Exchange, Silver far-month December futures contracts gained by Rs 30, or 0.07 percent to Rs 44,220 per kg. Silver prices touched an intraday high of Rs 44272 and an intraday low of Rs 44057. So far 597 contracts have been traded in today morning session.

Likewise, Silver September futures contract was trading at Rs 43400 up Rs 83, or 0.19 percent. Prices hit an intraday high of Rs 43500 and an intraday low of Rs 43240.

Meanwhile in global market, Silver for September delivery added 0.2 percent to $19.875 an ounce in Comex, after reaching an eight-week low of $19.705 yesterday. In Singapore exchange, silver traded higher at $19.86 an ounce in from $19.82 yesterday.

Khelo MCX Commodity Analysts said profiteers accumulated new positions buoyed as the stress in Ukraine and in the Middle East versus the strength of the United States economy which had repercussions on silver metal prices at futures trade.

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MCX Silver September futures contract move up by Rs 223 to Rs 43,614 per kg on global cues

Silver futures prices on MCX were trading higher today. At the Multi Commodity Exchange, Silver futures delivery in September traded higher by Rs 223, or 0.54per cent, to Rs 43,614 per kg. MCX Silver price hit an intraday high of Rs 43687 and an intraday low of Rs 43492. So far 1581 contracts have been traded in morning session.

Likewise, Silver for delivery in far-month December traded higher by Rs 223, or 0.55 per cent, to Rs 44,415 per kg.

At global market, meanwhile, silver added 0.40 per cent to USD 19.86 an ounce in Singapore.

Silver for immediate delivery rose as much as 0.4 percent to $19.8634 an ounce and traded at $19.8612. Earlier, the metal dropped to $19.74, the lowest level since June 18.

Commodity tips KheloMCX analysts said profiteers accumulated new positions marked by a firming trend in white metals overseas mainly pushed silver prices in futures trading.

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