Silver down on feeble global cues

Silver down on feeble global cues
27/04/2017

Silver futures closed lower in the domestic market on Wednesday as participants engaged in trimming their positions taking weak cues from global market. Marketmen attributed the fall in silver prices at futures trade to a weak trend in the precious metals overseas and profit-booking by participants at existing levels.
At the MCX, silver futures for May 2017 contract closed at Rs 39,960 per kg, down by 1.13 per cent, after opening at Rs 41,317, against a previous close of Rs 40,416. It touched the intra-day low of Rs 39,748.
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