White metal up on firm overseas cues 12/05/2017

White metal up on firm overseas cues
12/05/2017

Silver futures were trading higher during the afternoon trade in the domestic market on Friday tracking a firming trend in precious metals overseas as speculators widened their positions. Market analysts said speculative position built up by participants, driven by firm global trend, mainly contributed to the rise in silver prices at futures trade.
At the MCX, silver futures for June 2017 contract is trading at Rs 38240 per kg, up by 0.65 per cent, after opening at Rs 38093, against a previous close of Rs 37992. It touched the intra-day high of Rs 38293 (at 13:02 hours).

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