MTECHTIPS;-MCX Silver Stays Flat, Global Cues Positive

MTECHTIPS;-MCX Silver Stays Flat, Global Cues Positive

MTECHTIPS – MCX Silver futures are trading flat today, consolidating just under the key Rs 40000 per kg levels as the COMEX Silver stayed supported amid a firm undertone in copper prices. Equities are largely supported and sound economic data is keeping the undertone positive for base metals. Silver is also witnessing good buying amid this scenario with the jump in Gold prices already attracting the white metal on its precious metal appeal. COMEX Silver is currently up 0.30% at $17.53 per ounce. MCX Silver futures are trading at Rs 39740 per kg, almost unchanged on the day after hitting a high of Rs 39840 per kg

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