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HOME / MARKET TODAY / COMMODITIES / NEWS STORY

Silver rises on firm global cues
30 Sep 2016
Silver futures closed higher in the international market on Thursday as participants indulged in enlarging positions amid a firm trend in precious metals overseas.

Analysts said widening of positions by speculators in step with a firm trend in global markets as a weak dollar raised the appeal for precious metals, influenced silver prices at the futures trade.

An improving outlook for the US economy and Chinese manufacturing has also benefited silver, with industrial use accounting for more than half of the metal’s demand.

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