Selling
pressure in Gold Silver commodities can be seen in international
markets. As a result silver in MCX made a soften opening. Earlier on
yesterday MCX silver went beyond Rs 60,000. Its been 7 months since
silver crossed the level of Rs 60,000. Since August 20, silver
futures market prices so far has been increased by 11 per cent. In
the last 2 week spot silver prices have increased by 10 per cent. In
the international market, silver touched the level of $32, which is
the highest level in 4 months.
Currently,
with an initial decline of nearly 200 points MCX silver is trading
at Rs 61800 level. Prices are expected to face support at 61500-61000
level. Trading below 61000 can attract sellers in the market.
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