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Thursday 13 October 2016

Silver up on firm global cues : 13 Oct 2016

Silver futures closed higher in the domestic market on Wednesday as participants widened their positions, tracking a firm trend in the global market.

Analysts attributed the rise in silver prices at the futures trade to expanding of positions by speculators, tracking a firm trend in precious metals overseas.

At the MCX, silver futures for December 2016 contract closed at Rs 42,100 per kg, up by 0.24 per cent, after opening at Rs 41,867, against a previous close of Rs 41,998. It touched the intra-day high of Rs 42,150.


Parag Patil is a technical analyst and trading system designer with stock excel programmer. I hope the articles and live chart of nse future and mcx on this Website will be as helpful and profitable to you . I try to update and post new articles tips everyday. My motto is to encourage the traders, so that they should able to understand the technique views behind the moment of stocks. I have deeply analyzed with many technical indicator with parameter and added to my amibroker afl. And even taken backtest report which is never being implemented. Any of the analyst expect me. Seeing all this you may understand that my views is more technical than commercial. If you are profited by my views I fill happy.

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