White Metal In Reverse Gear On Global Cues


Silver futures were trading lower during evening trade in the domestic market on Tuesday as investors and speculators exited their positions in the precious metal as investors braced for riskier assets after dollar bounced back from a 5-month low after the US Treasury Secretary's comments supported a stronger currency.

Although, escalating tensions over North Korea, restricted further fall in prices of white metal. At the MCX, silver futures for May 2017 contract is trading at Rs 42300 per kg, down by 0.46 per cent, after opening at Rs 42300, against a previous close of Rs 42497. It touched the intra-day low of Rs 4221. 
 
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Suhani Verma

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