The bulls are in the silver shop, with headlines shouting about silver’s widest discount to gold for 13 years – quoting the ratio between dollar prices per ounce for the ‘poor man’s gold’ and the genuine article as 72, compared with an average of 58 over the past two years. For full story, click here
Look for silver and gold prices to climb more, The ration between the wto should drop at least to the 200 DMA at 66:1. A drop through that level would start a waterfall. For full story, click here For full story, click here
Heavy selling of by stockists, triggered by a weakening global trend, pushed the price of the white metal down by as much as Rs 850 per kg, For full story, click here
Silver equities fell about 5% by early afternoon, but they then rebounded slightly in the last couple of hours of trade and ended with only a little over 3% loses. For full story, click here
Silver also fell back off into the close and ended with a loss of 1.8%. For full story, click here
Silver dropped to as low as $12.19 at about 08:00 EST before it rose to almost unchanged at $12.57 by about noon in New York. For full story, click here
Indian silver futures prices fell by Rs11,702/ kilogram (kg) to Rs 15,800/kg from all time high of Rs27,502/kg. For full story, click here
Silver for immediate delivery fell 1.3 percent to $10.42 an ounce after surging 9.2 percent in the previous trading session. For full story, click here
The March contracts at MCX moved down by -0.23 per cent at Rs 16,530 per kg. For full story, click here
Silver prices registered a fall at MCX and NCDEX with the December contracts at MCX slumping by -0.17 per cent at Rs 15,974 per kg. For full story, click here
Thursday, March 5, 2009