Tuesday, 5 April 2011
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MCX: Silver trades upon MENA unrest
Silver touched 31-year high on inflation concern due to rise in crude oil prices which are witnessing upswing due to unrest in MENA region and persistent European debt concerns. Rise in ETF holdings to another record and growing industrial demand helped silver to shrug pressure from a firming dollar against the euro. We expect silver prices to further continue the uptrend for intraday as
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