Silver may rally today: Angel Commodities

Angel Commodities has come out with its report on bullion. According to the research firm Silver prices are also expected to rise but gains could be limited if base metals witness downside pressure on account of economic worries.

November 16, 2011 / 11:50 IST

Angel Commodities has come out with its report on bullion. According to the research firm Silver prices are also expected to rise but gains could be limited if base metals witness downside pressure on account of economic worries.

Silver prices gained around by 0.8 percent on Tuesday and touched an intra-day high of $34.78/oz. However, a stronger dollar capped further gains in the white metal prices yesterday. Silver ended its trading session at the level of $34.5/oz on Tuesday. On the MCX, Silver December contract rose 1.3 percent and touched an intra-day high of Rs58,338/kg yesterday.

Gold prices declined upto 1.2 percent in yesterday

first published: Nov 16, 2011 11:00 am

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