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Monday, 21 July 2014

MCX Silver futures rise amid a firm global trend

MCX Silver futures prices were trading higher on Monday as market players built up fresh positions amid a firm global trend. At the Multi Commodity Exchange, silver futures for delivery in far-month December gained by 0.24 percent or Rs 109 and trading at  Rs 45857.  Silver hit an intraday high of Rs 45930 and an intraday low of Rs 45849. So far 15 contracts have been traded.

KheloMCX Commodity tips advisory said profiteers gained by new positions, driven by firm global trend, influencing precious metal prices in futures trading.

Also on the Comex, silver September futures contract embedded 0.48%, or 10.1 cents, to trade at $20.98 a troy ounce.

Investors remained cautious after crash downing of a Malaysia jetliner in eastern Ukraine last week, with the United States blaming pro-Russian separatists for the act.

Gold and Silver also profited from the strengthening of Israel's ground offensive in Gaza against Hamas militants fired hundreds of rockets into Israel.

KheloMCX Commodity Advisory  offers MCX Silver free trading tips, Intraday Silver tips, visit today for free advisory:

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