Silver futures price extended gains for the second straight session by rising 0.23 per cent on the Multi Commodity Exchange today on sustained purchasing by speculators influenced by firming global trend. For full story, click here
Silver opened at 22372 on MCX. The metal dipped as the session started, reaching an intraday low of 22362. Stronger oil and base metal prices inspired dealers to buy the metal, carrying it from its lows. For full story, click here
Silver had a strong day, surging from unchanged at the beginning of the New York session to a peak just short of $12.40 on the Comex, before sliding on the Globex to close at $12.32/oz., up 26 cents. Overnight, silver is trending higher. For full story, click here
May silver futures closed up 9.0 cents at $12.76 an ounce yesterday. Prices closed nearer the session high yesterday on account of a sharp late recovery after hitting a fresh seven-week low early on. For full story, click here
Silver closed the week at $13.40 having run into substantial offers above $13.50/oz. The metal sailed lower overnight and should carry on to run into technical selling pressure around the 20-day MA at $13.55 in the coming sessions while chart support pegged at $13.14/12.98 and the 40-day MA at $12.71. For full story, click here
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