Silver market is expected to witness volatility and profit booking is likely in global and Indian markets, according to Col Ajay, CEO of Astromoneyguru.com.
"As per Astro economics combination of Ketu with Mercury may bring volatile move in silver, Profit booking is expected in Indian and International commodity market," Col Ajay said.
In Asia trading hours on Friday, Silver for July delivery was down 0.06% at $19.508 a troy ounce. Copper futures for July delivery were flat at at $3.139 a pound.
The 23rd day of May month is represents by planet known as Mercury and year 2014 represented by planet known as Ketu. According to SMC Comtrade, Silver can hover in range of 40200-41400 in MCX on Friday trade.
Positive investor sentiment toward precious metals as a whole has kept silver prices in the $19-$20 an ounce range, but that’s unlikely to last, according to Societe Generale
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"As per Astro economics combination of Ketu with Mercury may bring volatile move in silver, Profit booking is expected in Indian and International commodity market," Col Ajay said.
In Asia trading hours on Friday, Silver for July delivery was down 0.06% at $19.508 a troy ounce. Copper futures for July delivery were flat at at $3.139 a pound.
The 23rd day of May month is represents by planet known as Mercury and year 2014 represented by planet known as Ketu. According to SMC Comtrade, Silver can hover in range of 40200-41400 in MCX on Friday trade.
Positive investor sentiment toward precious metals as a whole has kept silver prices in the $19-$20 an ounce range, but that’s unlikely to last, according to Societe Generale
www.punjiniveshonline.com
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