SILVER MCX BLAST – JO DAR GAYA SAMJHO MAR GAYA – Real Commodity Guru Neal Bhai
Gold prices are posting modest gains, while silver prices are solidly higher and near the recent four-week high, in morning dealings Friday. Both metals were trading not far from unchanged levels at the opening of U.S. futures trading.
WATCH SILVER MCX 37410 TO HIGH 38088
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Gold Silver Reports (GSR) — The $14.50 level above has shown itself to be very resistive, but that’s nothing new. I believe that we continue to bounce around and show signs of volatility in this market, and I think that should continue to be overly difficult to hang onto a trade.
At the Multi Commodity Exchange, silver for delivery in December rose by Rs 115, or 0.30 per cent, to Rs 37,981 per kg in business turnover of 86 lots.
Gold Silver Reports (GSR) — Following gold, silver prices also surged by Rs 190 on increased offtake by industrial units and coin makers. Silver ready also strengthened by Rs 190 to Rs 38,290 per kg and weekly-based delivery by Rs 200 to Rs 37,725 per kg. Silver coins remained unaltered at Rs 72,000 for buying and Rs 73,000 for selling of 100 pieces.