ZOID RESEARCH 18-JUNE-2014 : SILVER

Spot silver prices traded higher and gained half a percent to close at $19.7 as prices diverged from strength in gold prices. Silvers appeal as a speculative investment is driving traders to buy this grey metal and increasing interest by hedge funds to hold the metal being the prime reason for positivity in prices.
On the MCX, silver prices rose by 0.4 percent and closed at Rs.42374/kg.

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