MCX Silver closed higher at 52566 yesterday after recovering from most losses in previous week's sessions. The up-trend was fallout of firm Silver prices after the release of the US economic data.
Buoyancy was upbeat in Silver in morning trades, as at MCX counter trades up 0.20 percent and tested new high at 52968 per Kilo grams. Festival demand in Asian market supports to Silver price sustain at higher level.
Looking at international environment, Gold and silver are showing huge sign of promise for gain at this moment. Silver price seems to be up for the day and may test price 53000 in intraday trades. Buying near 52200 can be consider as best opportunity for earn profit in day. For near term targets set to 53500 per Kilogram.
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