Silver Tips - Silver futures were trading with slim losses during noon trade in the domestic market on Wednesday as investors and speculators shied away from booking fresh positions in the precious metal after a top US Federal Reserve official signaled that it was unclear whether the recent downturn in global financial markets may have a significant impact on the US economy, raising speculation that the Fed’s course of tightening interest gradually may not be much affected, dimming the lure for the precious metal as a store of value.
However, strong safe haven demand amid a renewed global equity and oil rout supported Silver.
At the MCX, Silver futures for February 2016 contract is trading at Rs 37,152 per kg, down by 0.06 per cent after opening at Rs 37,279, against the previous closing price of Rs 37,176. It touched the intra-day low of Rs 37,152.
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