Tuesday, 3 May 2011

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India: MCX Silver tumbles on dollar recovery

  • Tuesday, 3 May 2011
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  • Silver tumbled yesterday on losing lustre of safe haven demand of the metal after al-Qaeda leader Osama bin Laden was killed on Monday. The Comex raised margin requirement on Silver for the third time since last Monday. It increased maintenance margins for speculators by 11.6 percent per contract. We expect silver to remain volatile as fundamentals of global uncertainties are still



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