Silver up on firm global cues 22/05/2017

Silver up on firm global cues
22/05/2017

Silver futures closed higher in the domestic market on Friday tracking a firming trend in precious metals overseas as speculators widened their positions. Market analysts said speculative position built up by participants, driven by firm global trend, mainly contributed to the rise in silver prices at futures trade. At the MCX, silver futures for July 2017 contract closed at Rs 39,124 per kg, up by 0.60 per cent, after opening at Rs 38,820, against a previous close of Rs 38,889. It touched the intra-day high of Rs 39,225.

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