AHMEDABAD (Commodity Online): Silver open positive at 52793 rupees per kilogram gains by 0.30 percent at Rs 53072. Silver prices surrendering to selling that hit most commodities on worries over economic growth and a European debt crisis.
Safe-haven buying seems to be absent for precious metals despite reduced risk of Europe debt crisis in current month.
According to Amrita Mashar, Senior Analyst with Commodity Online, Retail customers refrained from buying at existing levels, which discouraged the trading sentiment to some extent. For today, MCX Silver looks range bound between 52500-53000. Overall sentiments stays bearish ahead of selling pressure and lack of buying.
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