Slippery silver: Expert calls a cautious buy for now

Shreekant Jha, managing director of PJ Commodity Ventures says that silver is likely to come down to Rs 57,000. He says the volatility seen in the market, hints “traders to stay out of trade for a while.” He maintains a buy at this point in time, however, says, “Traders have to be cautious since silver can move very fast.”

May 05, 2011 / 18:42 IST
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The commodity sector has been action-packed. There has been a decent amount of fall in the commodity prices on Wednesday. Over the past week, silver has tumbled, while crude has fallen for fourth consecutive day in the global markets.


Speaking with CNBC-TV18, Shreekant Jha, managing director of PJ Commodity Ventures says that silver is likely to come down to Rs 57,000. He says the volatility seen in the market, hints
first published: May 5, 2011 01:39 pm

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