Silver May futures down 0.25% on profit-booking, as metal edges higher overseas

Silver prices declined in futures trading today as a profiteer locked in profits at prevailing levels even as metal edged higher overseas.

The short-term outlook for the silver futures contract traded on the Multi Commodity Exchange (MCX) is bullish. However, such a sharp fall looks unlikely at the moment.

At the Multi Commodity Exchange futures trading, silver for delivery in May moved down by Rs 92, or 0.25 per cent, to Rs 37,038 per kg.

On the global front, the short-term outlook for the spot silver is also bullish. On the Comex, silver futures for July delivery shed 3.8 cents, or 0.23%, to trade at $16.40 a troy ounce. The price dipped below $16 last week.

Meanwhile, silver spot traded 0.1 per cent higher at $16.42 an ounce in Singapore today.

Silver prices climbed at the bullion market on positive global cues. Silver ready also recorded a hefty rise of Rs 850 to Rs 37,750 per kg and weekly-based delivery by Rs 575 to Rs 37,115 per kg. Silver coins also spurted by Rs 1,000 to Rs 56,000 for buying and Rs 57,000 for selling of 100 pieces.

MCX Silver June futures contract trades flat

MCX Silver prices were quoted flat on Wednesday as investors adopted a cautious attitude to the publication of the minutes from the last monetary policy meeting of the Federal Reserve later in the session.

In MCX Silver June contract was trading flat up by 0.09 percent at Rs 38,225. Silver prices hit an Intraday session high of Rs 38,322 and an Intraday low of Rs 38,163. So far 191 futures contracts have been traded.

Besides, subdued demand from jewellers and scattered support from industrial units, silver ready held steady at Rs 38,000 per kg, while weekly-based delivery traded lower by Rs 170 to Rs 37,720 per kg due to lack of speculative support. Meanwhile, silver coins remained flat at Rs 57,000 for buying and Rs 58,000 for selling of 100 pieces in Delhi bullion market.

On the Comex, silver futures for May delivery declined 6.5 cents, or 0.39%, to trade at $16.77 a troy ounce in New York.

MCX Silver falls amid a weak trend in global markets as dollar rebounds

Prices of silver futures tumbled on Tuesday as speculators reduced positions amid weakness in global markets, as traders continued to monitor the direction of the dollar for measuring the appeal of the precious metal.

Silver futures for delivery in May down Rs 309, or 0.81 percent. Prices touched a session high of Rs 38140 and low of Rs 37825. So far 2087 futures contracts have been traded on the Multi Commodity Exchange.

Snapping its four-day rising streak at Delhi bullion market, silver ready dropped by Rs 500 at Rs 38,000 per kg and weekly-based delivery by Rs 290 at Rs 37,890 per kg. Silver coins, however, continued to be traded at the last level of Rs 57,000 for buying and Rs 58,000 for selling of 100 pieces.

On the Comex, silver futures for May delivery dropped 23.7 cents, or 1.39%, to trade at $16.87 a troy ounce in New York. Meanwhile, silver dropped 0.5% to $16.91 an ounce in Singapore.

MCX Silver futures rises by 1.9% to Rs 38,046 per kg on global cues

Silver futures prices soared in futures trade today after participants built up positions, taking positive cues from overseas markets on Fed rate hike outlook.

At the MCX, silver prices for delivery in May spurted by Rs 697, or 1.87%, to Rs 38,046 per kg. Prices touched an Intraday high of Rs 38,225 and an Intraday low of Rs 37,431. So far 3796 futures contracts have been traded in MCX.


Following futures market, silver ready recorded significant rise of Rs 900 to Rs 38,500 per kg and weekly-based delivery by Rs 830 to Rs 38,180 per kg. Silver coins also spurted by Rs 1,000 to Rs 57,000 for buying and Rs 58,000 for selling of 100 pieces.

On the Comex New York, silver futures for May delivery surged 40.2 cents, or 2.41%, to trade at $17.10 a troy ounce, while silver gained 0.2% to $17.10 an ounce in Singapore.

Bullion trading activity is expected to remain low on Monday, with markets in Europe, the U.K. and China all closed for holidays.

MCX Silver July contract gains 0.55 percent to Rs 37850

Silver prices on MCX was trading higher amid a firm global trend. On Wednesday, after data showed that U.S. non-farm private employment rose at the slowest pace in ten months.

At MCX SIlver futures for July delivery was trading at Rs 37,850 up Rs 206, or 0.55 percent. Silver touched an morning intraday session high of Rs 37,931 and an intraday low of Rs 37,824. So far only 25 futures contracts have been traded at the Multi Commodity Exchange.

At the Delhi bullion market today, Silver also found buying support and silver ready recovered by Rs 150 to Rs 37,350 per kg and weekly-based delivery by Rs 90 to Rs 37,260 per kg.

While, silver coins continued to be traded at the last level of Rs 56,000 for buying and Rs 57,000 for selling of 100 pieces.

Elsewhere on the Comex, silver May futures delivery tacked on 9.9 cents, or 0.6%, to trade at $16.69 a troy ounce.

Now investors concentrated their attention on the US employment report Friday, February for more information on the future path of monetary policy.

Analysts had been expecting a reading of 49.7, slightly lower than the 49.9 reading in February.

MCX Silver May contract slips to Rs. 37,161 per kg

MCX Silver prices declined sharply in trading futures on Tuesday amid a weak global trend and profit-booking by speculators.

On Tuesday amid a modest recovery in the US dollar in the last trading day in March, like the precious metal posted its second straight monthly loss.

On the Multi Commodity Exchange, silver for delivery in May tumbled by Rs. 305 or 0.81 per cent to Rs. 37,161 per kg. Silver touched an Intraday high of Rs 37336 and an Intraday low of Rs 37118. So far 1745 futures contracts have been traded in MCX.

Elsewhere, silver futures for May delivery fell slightly by 0.066 or 0.40% to 16.608 a troy ounce.

Market analysts said the precious metal falls slightly on Tuesday with a weak global trend amid the dollar moved slightly higher upon strong consumer sentiment.

MCX Silver futures down by 1.1% to Rs 37,987 per kg

MCX Silver futures down on futures trade on Monday as speculators reduced their exposures amid a
weakening trend overseas.

A data report showed that US personal spending rose for the first time in three months in February, while individual income exceeded expectations.

Silver futures delivery in May traded down by Rs 408, or 1.06%, to Rs 37,987 per kg at the Multi Commodity Exchange.

In the national capital, silver ready fell by Rs 550 to Rs 38,000 per kg and weekly-based delivery by Rs 330 to Rs 37,990 per kg. Prices of silver coins dropped Rs 1,000 to Rs 56,000 for buying and Rs 57,000 for selling of 100 pieces.

Elsewhere on the Comex, silver futures delivery in May dipped 35.9 cents, or 2.1%, to trade at $16.71 a troy ounce.

MCX Silver falls nearly by 0.4% on global cues

MCX Silver futures contract trades lower today as market players engaged in trimming positions against the backdrop of weak global trends.

At the Multi Commodity Exchange, silver for delivery in May was trading at Rs 37,855 down Rs 136, or 0.36 percent. Silver rates hit an intraday high of Rs 37915 and an intraday low of Rs 37829. So far 974 futures contracts have been traded on MCX.


In the international market, silver futures for May delivery dipped 0.5 cents, or 0.03%, to trade at $16.97 a troy ounce.

MCX Silver futures contract decline by 0.9% at Rs 37,440 on global cues

Silver prices fell sharply in futures trade today as bullion traders reduced their positions amidst a weak global trend.

At the Multi Commodity Exchange (MCX), silver for delivery in May was trading at Rs 37,440 down Rs 349, or 0.92 percent. Prices touched an Intraday session high of Rs 37721 and an Intraday session low of Rs 37353. So far on MCX 1963 futures contracts have been traded.

Similarly, July contract was trading at Rs 37869 down Rs 370, or 0.97 percent. So far 90 futures contracts have been traded.

Meanwhile, silver futures May delivery  dropped 21.0 cents, or 1.24%, to trade at $16.67 a troy ounce. The May silver futures contract gained $1.25, or 8.96%, last week, the first weekly gain in three weeks.

MCX Silver May futures gain Rs 716 on firm global cues

Silver futures prices on MCX were trading higher on Thursday, as traders built fresh positions amid covering-up of short positions amid a rebound in precious metals overseas market.

At the Multi Commodity Exchange, silver for delivery in May traded higher by Rs 716, or 2.03 per cent, to Rs 36,028 per kg. Silver hit an Intraday high of Rs 36,030 and an Intraday low of Rs 35,500. So far as MCX 3776 futures contracts have been traded.

On similar lines, the white metal for delivery in July was trading at Rs 36450 up Rs 637, or 1.78 percent.

Addition to this sharp seasonal and festive demand, silver retrieved smartly and closed above the significant level of 36,000 rupees following heavy speculative key extraction. Silver (0.999 fineness) raise Rs 545 to settle at 36,475 rupees per kg compared to Rs 35.930 yesterday.

Investors boosted demand for bullion in Asia on Thursday, because the Fed said a widely expected rise in interest rates this year may not come in the first half and a strong US currency is a key element in time.

In the international market, silver futures for May delivery soared 2.70% to trade at $15.977 a troy ounce.

MCX Silver July contract down by 0.5% amid a weak trend overseas

The MCX Silver futures contract traded down amid a weak trend overseas on Tuesday.

At the MCX, silver for delivery in July contract was trading at Rs 35,865 down Rs 183, or 0.51 percent. Prices touched an Intraday session high of Rs 35,908 and an Intraday low of Rs 35,857.

On similar lines, Silver May contract was trading at Rs 35,379 down Rs 184, or 0.52 percent. Prices touched an Intraday session high of Rs 35,425 and an Intraday low of Rs 35,331. So far as MCX 936 futures contracts have been traded.

In the national capital bullion market, Silver prices dropped by Rs 400 to Rs 35,650 per kg on reducing offtake by industrial units and coin makers. Silver coins also plummeted by Rs 1,000 to Rs 55,000 for buying and Rs 56,000 for selling of 100 pieces.

In the meantime, investors were decided to open new long positions before the monetary policy meeting held by the Federal Reserve will begin two days later in the day.

Meanwhile, at global marketplace silver futures delivery in May dropped 14.0 cents, or 0.9%, to trade at $15.47 a troy ounce. On Monday, silver futures gained 12.3 cents, or 0.79%, to close at $15.61.

MCX Silver May contract firms up by 0.27% to Rs 36,960 per kg

Silver futures prices on MCX were trading firm on Tuesday, as the precious metal weakened overseas on strengthening dollar.

At the Multi Commodity Exchange, silver for May delivery gained by Rs 98, or 0.27%, to Rs 36,960 per kg as speculators enlarged positions in futures trading. Silver touched an intraday high of Rs 37003 and an intraday low of Rs 36883. So far 1254 futures contracts have been traded on MCX.

In the national capital, Silver ready also dropped by Rs 600 to Rs 37,000 per kg and weekly-based delivery by Rs 385 to Rs 36,700 per kg amid a weak trend overseas and low demand from jewellers. Silver coins plummeted by Rs 1,000 to Rs 59,000 for buying and Rs 60,000 for selling of 100 pieces, mostly in tune with fall in silver prices.

Gold prices in the international market have risen amid weak US dollar. Bullion investors eyed on upcoming European Central Bank meeting on Thursday, when it was expected to announce details of its quantitative easing program.

Meanwhile, Comex silver futures for May delivery dipped 5.6 cents, or 0.34%, to trade at $16.39 a troy ounce.

MCX Silver May futures rise by 1.1% on global cues

Silver futures prices rose in the MCX trading market today as speculators created fresh positions after it rose in overseas markets, as US reported a slower pace of economic expansion than estimated.

At the Multi Commodity Exchange, Silver May contract was trading up by Rs 407, or 1.10%, at Rs 37,421 per kg. Prices hit an Intraday session high of Rs 37447 and an Intraday session low of Rs 37210. So far 1490 futures contracts have been traded in MCX.

Similarly, White metal March delivery was trading at Rs 37,050 up Rs 334, or 0.91 percent. Prices touched an Intraday high of Rs 37100 and an Intraday low of Rs 36905. So far 614 futures contracts have been added by market players.

Silver prices also moved up by Rs 400 to Rs 37,600 per kg on increased offtake by industrial units and coin makers in the national capital. Prices of silver coins spurted by Rs 1,000 to Rs 60,000 for buying and Rs 61,000 for selling of 100 piece on ongoing wedding season demand.

Meanwhile, at Comex New York silver futures for May delivery climbed 13.9 cents, or 0.84%, to trade at $16.69 a troy ounce.

MCX Silver May futures rises over 1 per cent at Rs 36,931

Silver prices have had an impact amid estimation of the delay in rising interest rates in the US, the dollar has weakened.

MCX Silver prices rose in futures trading today as the participants are building new positions supported by firm global trend. Also disguise short positions by speculators also endorsed the upside.

At At the Multi Commodity Exchange (MCX), Silver May futures contract was trading at Rs 36931 up Rs 507, or 1.39 percent.

In the capital city, silver ready stayed in demand and moved up by Rs 500 to Rs 37,300 per kg and weekly-based delivery by Rs 435 to Rs 36,680 per kg.

Silver coins also sprouted up Rs 1,000 to Rs 59,000 for buying and Rs 60,000 for selling of 100 pieces in demand for marriage hectic season.

Meanwhile, silver futures for delivery in May 31.7 cents, or 1.95% rebounded, trading at $ 16.55 a troy ounce. Prices hit $ 16.08 on Tuesday, the lowest level since Jan. 5.

MCX Silver May contract up 0.7% amid a weak trend overseas

Silver prices on MCX gained on Wednesday in futures trade today after investors created positions amid a weak trend overseas.


"Due to an agreement with Greece speculation, gold remains at 15-month low. Comex bullion is under $1210. With China's weaker demand, the market is under pressure. However, due to the weakness in the rupee, gold-silver in the domestic market has little support. The market eye will be on FMOC meeting outcomes, which are going to come later in the day." KheloMCX Commodity Advisory said.

At the Multi Commodity Exchange, silver futures for May delivery was spurted by Rs 249 to Rs 36,623 per kg. Silver rating touched an Intraday session high of Rs 36,927 and an Intraday session low of Rs 36863 So far 90 Silver futures contracts have been traded.

In the national capital, amid poor offtake by industrial users and coin makers silver ready dropped by Rs 1,700 to Rs 37,200 per kg and weekly-based delivery by Rs 1,675 to Rs 36,600 per kg. And Silver coins plummeted by Rs 2,000 to Rs 60,000 for buying and Rs 61,000 for selling of 100 pieces.

Globally on the Comex, silver for March delivery was quoted at 2.7 cents, or 0.16%, to trade at $ 16.40 a troy ounce. On Tuesday, silver 91.6 cents, or 5.3% fell, to close at $ 16.37.

 

MCX Silver May contract up 0.2% in futures trade on global cues

 

Silver prices were traded in MCX firm on Monday as speculators enlarged positions amid positive indications from overseas markets.

"Silver adds marginally gain on Monday in early Asia trade, amid officials from Greece and the European Union talks in focus later in the day and U.S. markets shut." KheloMCX Commodity Advisory said.

At the Multi Commodity Exchange (MCX), silver futures for delivery in May edged higher by Rs 77, or 0.20 per cent, to Rs 38,609 per kg. Silver hit an Intraday high of Rs 38648 and an Intraday low of Rs 38512. So far 114 contracts have been traded in MCX.

Analysts said a better trend in precious metals in global markets as a weaker U.S. dollar and ongoing uncertainty over developments in Greece boosted the appeal of the precious metal and influenced silver prices at futures trade.

Meanwhile, on the Comex, silver futures for March delivery fell 0.10% at $17.315 a troy ounce. And silver traded 0.06 per cent higher at $17.33 an ounce in Singapore.

Silver March futures up by 0.8% to Rs 37,510 per kg on global cues

Prices of silver futures up in the domestic market, participants built up speculative positions, driven a large extent by a firming trend overseas.

At the Multi Commodity Exchange, silver futures March soared by Rs 285, or 0.77%, to Rs 37,510 per kg.

 Amid the overall trend, silver ready rebounded by Rs 450 to Rs 38,100 per kg and weekly-based delivery by Rs 460 to Rs 37,640 per kg at the Delhi bullion market today.

Silver coins, however, traded at the last level of Rs 62,000 for buying and Rs 63,000 for selling of 100 pieces.

International Spot silver prices were reduced by about 6 percent in the last two weeks, while MCX silver prices also fell by over 5 percent. Falling bullion prices, and declining speculative interest and profit booking at upper levels pulled prices even higher.

Metals trading at global front, silver for March delivery jumped 1.13% to $16.987 a troy ounce.

MCX Silver May contract gains of Rs 38354 by 0.6% on overseas cues

Silver futures prices on MCX gained on Friday for the third straight day. At the Multi Commodity Exchange, Silver May futures contract was trading at Rs 38354 up Rs 216, or 0.57 percent.

Silver futures touched an Intraday high of Rs 38388 and an Intraday low of Rs 38310 on Friday morning trading on MCX.

Commodity futures Advisory said, extending of positions by speculators on the back of the firming worldwide trend largely kept prices higher in silver futures trading.

On the other hand, at the bullion market in Delhi, silver ready moved down by Rs 250 to Rs 38,350 per kg and weekly-based delivery by Rs 425 to Rs 38,140 per kg.

Silver coins traded at the previous level of Rs 63,000 for buying and Rs 64,000 for selling of 100 pieces.

Elsewhere Globally, in white metals trading, silver for March delivery edged up 0.09% to $17.212 a troy ounce.

MCX Silver May contract futures reclaim Rs 40,000 per kg on global cues

Silver futures prices sharply gained on Wednesday by Rs 517 to trade above the Rs 40,000 per kg as traders created speculative positions, largely driven by a firming trend overseas. Silver trading higher after a gap of four months in futures trade on Wednesday.

At the Multi Commodity Exchange, silver May futures contract surged by Rs 517, or 1.29 per cent, to Rs 40,650 per kg.

Sfutures hit an intraday high of Rs 40,534 and an intraday low of Rs 40408, and so far 50 contracts have been traded.  While, 2043 contracts have been traded for Silver March futures on MCX.

In the national capital, Silver ready regained the Rs 40,000 per kg mark by spurting Rs 950 to Rs 40,150 per kg and weekly-based delivery by Rs 1,035 to Rs 40,215 per kg.

On the other hand, silver coins traded at last level of Rs 64,000 for buying and Rs 65,000 for selling of 100 pieces on restricted buying at higher levels.

Bullion merchants said domestic market, driven by wedding season demand amid firming global cues.

Globally, on the Comex, silver futures for March delivery tacked on 21.2 cents, or 1.18%, to trade at $18.16 a troy ounce, the highest level since September 19.

 

MCX Silver March futures down 1.4% on profit-booking

MCX Silver futures prices fell sharply 1.4% in futures today due to profit-booking by speculators amid a weak global trend.

Bullion is trading below at the highest level in 12 weeks, as traders calibrated the impact of falling commodity prices on global growth and inflation outlook facing interest rates in the United States.

At the Multi Commodity Exchange, Silver March futures contract was trading at Rs 37,400 down Rs 530, or 1.40 percent. Prices touched an intraday session high of Rs 37601 and an intraday session low of Rs 37333. So far on MCX 1886 futures contracts have been traded.

At the bullion market today, silver ready fell by Rs 520 to Rs 37,280 per kg and weekly-based delivery by Rs 230 to Rs 37,300 per kg.

On the other hand, silver coins held steady at Rs 61,000 for buying and Rs 62,000 for selling of 100 pieces.

In the international market on the Comex, silver March futures delivery climbed 14.5 cents, or 0.85%, to trade at $17.13 a troy ounce.

MCX Silver March futures rise by Rs 325 to Rs 37,158 per kg on global cues

Silver futures prices rose sharply at MCX on Monday as speculators indulged in creating fresh positions amid a firming trend in the precious metals overseas.

At the Multi Commodity Exchange, silver for delivery in March traded higher by Rs 325, or 0.87%, at Rs 37,158 per kg. Silver prices touched an intraday high of Rs 37179 and an intraday low of Rs 37035. So far 864 contracts have been traded on MCX.

In the national capital Delhi, silver ready recovered by Rs 400 to Rs 37,250 per kg and weekly-based delivery by Rs 415 to Rs 37,245 per kg.

On the other hand, silver coins continued to be traded at last level of Rs 61,000 for buying and Rs 62,000 for selling of 100 pieces.

Bullion rose to a 1-month high on global market speculation that the Fed will go slow in raising interest rates to safeguard the economic expansion. Silver advanced on comex, futures for March delivery rallied 15.3 cents, or 0.93%, to trade at $16.57 a troy ounce.

MCX Silver May futures contract surges at Rs 37,835 up Rs 302, or 0.80 percent on positive global cues

Riding high on positive global cues amid growing fears that Greece might exit the euro zone, Silver futures prices on MCX gained on Tuesday.

On positive global cues, participants created fresh speculative positions, At the Multi Commodity Exchange, silver futures delivery in far-month May contract surged by Rs 302, or 0.80%, to Rs 37,835 per kg.

Silver futres touched an intraday high of Rs 37,859 and an intraday low of Rs 37,731.

In a similar fashion in Delhi bullion marketplace, Silver advanced further by Rs 550 to Rs 37,300 per kg and weekly-based delivery by Rs 425 to Rs 37,200 per kg.

Silver coins spurted by Rs 1,000 to Rs 61,000 for buying and Rs 62,000 for selling of 100 pieces.

Similarly, silver for delivery in March traded higher by Rs 155, or 0.42%, to Rs 37,181 per kg.

Meanwhile, silver futures for March delivery picked up 6.5 cents, or 0.4%, to trade at $16.27 a troy ounce, also on the Comex.

MCX Silver May contract at Rs 37373 up Rs 447, or 1.21 percent

Silver prices on the Multi Commodity Exchange were trading higher on Monday at Rs 37373 up Rs 447, or 1.21 percent. Silver May futures contract was touched an intraday high of Rs 37507 and an intraday low of Rs 37190. So far 86 contracts have been traded on the Multi Commodity Exchange.

Elsewhere in white metals trading at global market, Silver for delivery in March climbed as much as 2.1 percent to $16.095 an ounce in New York and last traded at $15.91.

At the bullion market in the national capital, silver ready rebounded by Rs 515 to Rs 36,750 per kg and weekly-based delivery by Rs 540 to Rs 36,775 per kg.

On the other hand, silver coins maintained a steady trend at Rs 60,000 for buying and Rs 61,000 for selling of 100 pieces.