US rate outlook drags down Silver 31/03/2015

US rate outlook drags down Silver
31/03/2015 12:59
Silver futures fell in the domestic market on Tuesday as investors and speculators exited positions in the precious metal amid speculation that Friday’s jobs data which may signal a thirteenth month of payrolls topping the 200K mark in March, could add the heat on the US Federal Reserve to raise interest rates in the coming months, dimming the appeal of the bullion as a store of value.
Further, a stronger dollar curbed the demand for the bullion as an alternative asset. Stronger greenback makes silver more expensive for those holding other currencies, thus dimming demand.
At the MCX, Silver futures for May 2015 contract is trading at Rs 37,110 per 1 kg, down by 0.95 per cent after opening at Rs 37,336, against the previous closing price of Rs 37,446. It touched the intra-day low of Rs 37,050 till the closing. (At 12:45 PM).

Silver plunges as Yellen signals 2015 rate hike 30/03/2015

Silver plunges as Yellen signals 2015 rate hike
30/03/2015 12:24
Silver futures tumbled in the domestic market on Monday as investors and speculators exited positions in the precious metal after Fed Chair Janet Yellen said that she expects the FOMC to begin monetary tightening this year, with subsequent rate lift-offs to be gradual rather than following a predictable path, dimming the appeal of the bullion as a store of value.
Further, a stronger dollar dampened the demand for the bullion as an alternative asset. Stronger dollar curbed the demand for the precious metal as an alternative asset.
At the MCX, Silver futures for May 2015 contract is trading at Rs 37,963 per 1 kg, down by 1.13 per cent after opening at Rs 38,200, against the previous closing price of Rs 38,395. It touched the intra-day low of Rs 37,886 till the closing. (At 12:06 PM).

Silver lower amid caution ahead of Yellen speech 27/03/2015

Silver lower amid caution ahead of Yellen speech
27/03/2015 12:27
Silver futures fell in the domestic market on Friday as investors and speculators exited positions in the precious metal amid caution ahead of the speech of Fed Chair Janet Yellen tomorrow who will speak at the Federal Reserve Bank of San Francisco Conference on Friday on “The New Normal for Monetary Policy”, and may offer cues over the timing to undertake the maiden US interest rate hike since 2006.
Further, a stronger dollar curbed the demand for the bullion as an alternative asset. Stronger greenback makes silver more expensive for those holding other currencies, thus dimming demand.
At the MCX, Silver futures for May 2015 contract is trading at Rs 38,465 per 1 kg, down by 0.38 per cent after opening at Rs 38,319, against the previous closing price of Rs 38,613. It touched the intra-day low of Rs 38,319 till the closing. (At 12:15 PM).

Flat trade in Silver as ECB eyed 19/01/2015

Flat trade in Silver as ECB eyed
19/01/2015 13:34
Silver futures were trading flat, with a negative bias, in the domestic market on Monday as investors and speculators were cautious over booking fresh positions in the precious metal ahead of a policy meeting of the European Central Bank (ECB) this week in which it may unveil a plan for purchasing sovereign bonds in a bid to stem the threat of prolonged deflation in the 19-member Euro area economy.
Silver, like Gold, tends to benefit from loose monetary policy measures, given that it is a hedge against the inflationary risk of monetary stimulus. The Euro area likely slid into deflation with annual consumer prices falling by 0.2 per cent in December, the first drop in more than five years.
At the MCX, Silver futures for March 2015 contract is trading at Rs 39,003 per kg, down by 0.15 per cent after opening at Rs 38,697, against the previous closing price of Rs 39,061. It touched the intra-day low of Rs 38,872. (At 13:15 PM).

Silver futures end higher on global cues 25/06/2014

Silver futures end higher on global cues
25/06/2014 09:25
Silver futures ended higher in the domestic market on Tuesday as investors and speculators booked fresh positions in the precious metal tracking a firm trend in the overseas market amid hopes that the US Federal Reserve may continue to keep interest rates near record low levels for a long time, boosting the appeal of the bullion as a store of value. New York Federal Reserve Bank President William Dudley called on the Fed to wait until mid-2015 before raising interest rates. At the MCX, Silver futures for July 2014 contract closed at Rs. 44,494 per 1 kg, up by 0.11 per cent, after opening at Rs. 44,311, against the previous closing price of Rs. 44,445. It touched an intra-day high of Rs 44,970.

Silver futures end lower amid profit-booking 24/06/2014

Silver futures end lower amid profit-booking
24/06/2014 09:08
Silver futures closed lower in the domestic market on Monday as investors and speculators booked profits in the precious metal at existing levels, after a stellar rally in recent sessions. However, a surge in US manufacturing activity in June and upbeat housing data raised bets that the US Federal Reserve may begin tightening monetary policy sooner than later, dimming the appeal of the bullion as a store of value. At the MCX, Silver futures for July 2014 contract closed at Rs. 44,445 per 1 kg, up by 0.28 per cent, after opening at Rs. 44,400, against the previous closing price of Rs. 44,570. It touched an intra-day high of Rs 44,629.