Silver futures up on spot demand

Silver prices rose 0.03 per cent to Rs 37,317 per kg at the futures trade on Wednesday due to fresh positions created by speculators.

On the Multi Commodity Exchange, silver for delivery in July contracts went up by Rs 11, or 0.03 per cent, to Rs 37,317 per kg in a business turnover of 18,008 lots.

Similarly, the white metal for delivery in September contracts was trading higher by Rs 16, or 0.04 per cent, to Rs 37,720 per kg in a business turnover of 7,714 lots.

Market analysts attributed the rise in silver futures to fresh positions created by participants owing to an uptick in demand at the spot market.

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Silver futures fall on weak trend overseas

Silver prices eased by Rs 7 to Rs 37,028 per kg in futures trade on June 17 as speculators cut positions amid a weak trend overseas.

On the Multi Commodity Exchange, silver contracts for July moved down by Rs 7, or 0.02 percent, to Rs 37,028 per kg in a business turnover of 19,052 lots.

However, silver for September delivery rose by Rs 6, or 0.02 percent, to Rs 37,425 per kg in 7,209 lots.

Analysts said cutting down of positions by speculators, in line with a weak trend overseas, led to the fall in silver price.

Globally, silver was trading 0.09 percent lower at $14.79 an ounce in New York.

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Silver futures up 0.51% on global cues

Silver futures traded 0.51 percent higher at Rs 36,924 per kg on June 12 as speculators raised bets, driven by a firm trend overseas.

Silver contracts for July delivery rose by Rs 189, or 0.51 percent, to Rs 36,924 per kg in a business turnover of 22,612 lots on the Multi Commodity Exchange.

Silver contracts for September delivery also shot up by Rs 155, or 0.42 percent, to Rs 37,330 per kg in 6,168 lots.

Analysts said widening of positions by traders, in sync with a firm trend overseas for precious metals, mainly influenced silver prices here.

In the international market, silver traded 0.58 percent higher at USD 14.83 an ounce in New York.

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Silver prices fall by Rs 16 per kg on profit-booking

Silver prices fell by Rs 16 to Rs 36,525 per kg in futures trade on June 11 amid profit-booking by speculators.

At the Multi Commodity Exchange, silver contracts for July delivery dipped by Rs 16, or 0.58 percent, to Rs 36,525 per kg, clocking a business volume of 23,663 lots.

The white metal contracts for September delivery also traded lower by Rs 86, or 0.23 percent, to Rs 36,969 per kg in 6,106 lots.

Marketmen said profit-booking at prevailing levels led to the fall in silver prices at futures trade.

In the international market, silver rose 0.04 percent to $14.65 an ounce in New York.

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Silver futures shed on low demand

Silver prices fell 0.37 percent to Rs 36,847 per kg Monday as participants reduced their exposure in tandem with low demand at the spot market.

On the Multi Commodity Exchange, silver to be delivered in July contracts was trading lower by Rs 497, or 0.37 percent, to Rs 36,847 per kg in a business turnover of 22,397 lots.

Similarly, the white metal for delivery in September contracts was down by Rs 464, or 1.23 percent, to Rs 37,325 per kg in 5,121 lots.

Analysts attributed the weakness in silver prices at futures trade to cutting down of positions by participants to book profits at current levels.

Meanwhile, silver was trading 1.77 percent higher at USD 14.77 an ounce in New York.

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Silver futures up on positive global trend

Silver futures traded 0.4 percent higher at Rs 36,593 per kg Monday as investors increased their holdings on positive global cues.

On the Multi Commodity Exchange, silver contracts for July delivery traded higher by Rs 144, or 0.4 percent, at Rs 36,593 per kg in a business turnover of 27,359 lots.

Silver for September delivery also traded higher by Rs 148, or 0.4 percent, at Rs 37,071 per kg in a business turnover of 4,000 lots.

Widening of bets by participants, in tandem with a firm trend in global markets, mostly led to the rise in silver prices, analysts said.

In the international market, silver traded 0.54 percent higher at USD 14.65 per ounce in Singapore.

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Silver prices to rally on account of global recession fears

Continued concern regarding escalating trade war and recession fears with US bond yields falling at 20 month low negatively impacted metal prices. Additionally, Chinese manufacturing data came lower than expected. Copper and Nickel closed down 2 percent while Lead and Zinc lost 1 percent during the last week.

Energy complex too extended their downtrend with Nymex Crude losing 5 percent after losing 6 percent the previous week and Nymex natural gas closed lower by 1.8 percent after the release of higher stockpiles. On the other hand, gold prices traded positive with 1.2 percent gains while Comex Silver prices remained unchanged during the last week.

US 10Y bond yields are consistently trading below US 3M bond yields indicating persistent recession fears globally and pushing investors towards dollar and bonds. Historically, this has usually triggered downtrend in risky assets and investors shifting towards safety have instruments like gold and silver.

Upcoming economic data in the US and the FOMC policy to be released next month would be keenly watched to get a confirmatory signal from policymakers.

Traders are seen buying precious metal during the current uncertain time. The divergence between gold and silver is confirmed by the gold/silver ratio which is trading at 89 and is at a multi-year high, implying that silver is undervalued relative to gold. Past history suggests near term reversal in Gold/Silver ratio from such high levels.

One can follow a buy on dips strategy in MCX Silver prices as prices can bottom out and an upside rally can be witnessed towards Rs 37800-Rs 39000 per kg. Currently, MCX Silver prices are trading at Rs 36200 per kg.

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Silver futures ease on low demand

Silver prices fell 0.54 percent to Rs 36,091 per kg on Thursday as participants reduced their exposure on low demand at the spot market.

On the Multi Commodity Exchange, silver to be delivered in July contracts was trading lower by Rs 195, or 0.54 percent, to Rs 36,091 per kg in a business turnover of 29,629 lots.

Similarly, the white metal for delivery in September contracts was down by Rs 155, or 0.42 percent, at Rs 36,625 per kg in 3,404 lots.

Analysts attributed the weakness in silver prices at futures trade to cutting down of positions by participants to book profits at current levels.

Meanwhile, silver was trading 0.32 percent higher at USD 14.37 an ounce in New York.

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Silver futures rise 0.25% on global cues

Silver futures traded 0.25 percent higher to Rs 36,476 per kg Monday after speculators raised bets, driven by a firm trend overseas.

Silver for delivery in July contracts rose by Rs 92, or 0.25 percent, to Rs 36,476 per kg in a business turnover of 28,403 lots on the Multi Commodity Exchange.

Besides, the white metal to be delivered in September contracts surged by Rs 122, or 0.33 percent, to Rs 37,010 per kg in 2,530 lots.

Analysts said widening of positions by traders in sync with a firm trend overseas for precious metals mainly influenced silver prices here.

In the international market, silver traded 0.24 percent higher at USD 14.59 an ounce in New York.

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Silver futures fall on profit-booking, global cues

Silver prices dropped 0.33 percent to Rs 36,535 per kg in futures trade Friday amid profit-booking by participants and weak global cues.

On the Multi Commodity Exchange, silver contracts for July delivery fell by Rs 122, or 0.33 percent, to Rs 36,535 per kg in a business turnover of 985 lots.

Traders said off-loading of positions by participants to book profits and a weak trend in overseas markets led to the fall in silver prices in futures trade.

Globally, silver was trading lower by 0.50 percent to USD 14.54 an ounce in New York.

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Silver futures fall by Rs 29 on profit-booking

On the Multi Commodity Exchange, silver for delivery in July contracts dipped by Rs 29, or 0.08 per cent, to Rs 36,280 per kg, clocking a business volume of 28,602 lots.

Silver prices fell sharply by Rs 29 to Rs 36,280 per kg in futures trade Thursday amid profit-booking by speculators at current levels.

On the Multi Commodity Exchange, silver for delivery in July contracts dipped by Rs 29, or 0.08 per cent, to Rs 36,280 per kg, clocking a business volume of 28,602 lots.

The white metal delivery for September contracts was also trading down by Rs 92, or 0.25 per cent, to Rs 36,718 per kg in 2,218 lots.

Marketmen said profit-booking at prevailing levels led to the fall in silver prices at futures trade here.

In the international market, silver dipped 0.06 per cent to USD 14.44 an ounce in New York.

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Silver futures fall by Rs 98 on weak global cues

On the Multi Commodity Exchange, silver for delivery in July contracts fell by Rs 98, or 0.27 percent, to Rs 36,273 per kg in a business turnover of 29,638 lots.

Silver prices moved down 0.27 percent to Rs 36,273 per kg in futures trade Tuesday as speculators trimmed their positions, tracking weak cues from overseas markets.

On the Multi Commodity Exchange, silver for delivery in July contracts fell by Rs 98, or 0.27 percent, to Rs 36,273 per kg in a business turnover of 29,638 lots.

The white metal for delivery in September contracts was trading lower by Rs 112, or 0.3 percent, to Rs 36,740 per kg in 2,054 lots.

Traders said, off-loading of positions by participants on the back of weak global trend mainly weighed on silver prices at futures trade.

Silver fell 0.31 percent to USD 14.40 an ounce in New York.

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Silver slides 1.07% on low demand

Silver prices dipped 1.07 percent to Rs 36,185 per kg in futures trade Monday tracking weak cues from the domestic market.

On the Multi Commodity Exchange, silver for delivery in July contracts fell by Rs 392, or 1.07 percent, to Rs 36,185 per kg in a business turnover of 29,849 lots.

The white metal for delivery in September contracts was trading lower by Rs 427, or 1.15 percent, to Rs 36,666 per kg in 1,915 lots.

Traders said off-loading of positions by participants on the back of a weak domestic trend mainly dented silver prices here.

Globally, however, the precious metal was trading marginally higher by 0.08 percent to USD 14.40 an ounce in New York.

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Silver slides 0.07% on low demand

Silver prices dipped 0.07 percent to Rs 37,490 per kg in futures trade Thursday tracking weak cues from the domestic market.

On the Multi Commodity Exchange, silver for delivery in July contracts fell by Rs 27, or 0.07 percent, to Rs 37,490 per kg in a business turnover of 22,198 lots.

The white metal for delivery in September contracts was trading lower by Rs 41, or 0.11 percent, to Rs 38,015 per kg in a business turnover of 958 lots.

Traders said, off-loading of positions by participants on the back of weak domestic trend mainly dented silver prices here.

The precious metal, however, gained steam in the global market. It was trading up 0.05 percent to USD 14.82 an ounce in New York.

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Silver rises on positive global cues

Silver prices rose Rs 63 to Rs 37,584 per kg in futures trade Wednesday as speculators were engaged in raising bets tracking a firm trend in overseas market.

On the Multi Commodity Exchange, silver for delivery in July contracts was trading higher by Rs 63, or 0.17 percent, to Rs 37,584 per kg in a business turnover of 21,816 lots.

The white metal for delivery in September contracts rose by Rs 25, or 0.07 percent, to Rs 38,077 per kg in 922 lots.

Analysts said participants raised bets amid a firm trend overseas after US President Donald Trump hinted at the possibility of a trade deal with China in the future.

In the international market, silver rose 0.01 percent to USD 14.81 an ounce in New York.

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Silver futures dip 0.21% to Rs 37,274 per kg

Silver prices dropped 0.21 per cent to Rs 37,274 per kg amid profit-booking by participants, in tune with weak global cues in futures trade on Monday.

On the Multi Commodity Exchange, silver for delivery in March fell by Rs 80, or 0.21 per cent, to Rs 37,274 per kg in a business turnover of 23,518 lots.

Traders said off-loading of positions by participants to book profits and a weak trend in overseas markets led to the fall in silver prices in futures trade.

Globally, silver was trading 0.37 per cent lower at USD 14.67 an ounce in New York.

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Silver futures up Rs 92 as speculators create position

Silver prices rose by Rs 92 to Rs 37,494 per kg in futures trade on Thursday after speculators built up fresh positions amid firm trend overseas.

On the Multi Commodity Exchange, silver for July contracts was trading up by Rs 92, or 0.25 per cent, to Rs 37,494 per kg with a business turnover of 22,666 lots.

The metal for delivery in far-month September contracts was also trading higher by Rs 93, or 0.25 per cent, to Rs 38,001 per kg in 553 lots.

Analysts said, the rise in silver prices at futures trade was due to building up of positions by participants tracking a firm trend in overseas market.

Globally, silver was edged up by 0.05 per cent at USD 14.86 an ounce in New York.

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Today Silver Updates Trading Rules

If Silver Mcx Future breaches minor support on the downside and closes below it we may see fresh break down and Silver Mcx Future can head towards major support on lower side around 35500-35600 and if breaches minor resistance on the upside and closes above it we may see fresh breakout and Silver Mcx Future can head towards higher levels around 38700- 38800

Currently Silver Mcx Future is trading below 200 days exponential moving average and suggests long term trend is bearish. EquityPandit’s analyst predicts range for the week is seen from 38700- 38800 on upside and 35500-35600 on downside.

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Source: Equitypandit

Silver futures fall 0.68% to Rs 36,430/kg

Silver prices eased 0.68 per cent to Rs 36,430 per kg in futures trade Thursday as investors cut down their bets taking weak cues from overseas markets. Also, profit-booking at existing levels by speculators weighed on silver prices.

At the Multi Commodity Exchange, silver for delivery in May contracts was trading lower by Rs 248, or 0.68 per cent, to Rs 36,430 per kg in a business turnover of 499 lots.

Traders said, off-loading of positions by participants due to a weak global trend led to the fall in silver futures.

Globally, silver shed 0.02 per cent to USD 14.64 an ounce in Singapore.

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Source: Moneycontrol

Silver futures slip 0.93% on weak global cues

Silver prices eased by 0.93 percent to Rs 37,756 per kg in futures trade on May 1 as investors cut down their bets taking weak cues from overseas markets. Also, profit-booking at existing levels by speculators weighed on silver prices.

At the Multi Commodity Exchange, silver for delivery in July contracts was trading lower by Rs 356, or 0.93 percent, to Rs 37,756 per kg, in a business turnover of 18,890 lots.

Similarly, the white metal for delivery in September eased by Rs 419, or 1.08 percent, to Rs 38,250 per kg in a business turnover of 2,240 lots.

Traders said off-loading of positions by participants due to a weak global trend led to the fall in silver futures.

Globally, silver shed 0.03 percent to $14.89 an ounce in Singapore.

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Contact us @ +91-9644405056

Source: Moneycontrol