Tuesday, February 22, 2011

Silver futures fall from record on profit-booking, global cues [22.02.2011]

New Delhi, Feb 22 (PTI) Yahoo News
"Today''s fall in silver prices was due to profit booking at record levels, attracted investors to offload their positions," said an analyst, adding that "the white metal may witness further fall in its prices in the coming sessions".
Market analysts said profit booking by speculators and resistance at higher levels in global markets, pulled down the silver prices from record high levels at futures trade here.
Meanwhile, silver prices lost as much as 1.8 per cent to USD 33.29 an ounce, reversing an earlier advance of USD 34.31, the highest level since 1980.
Read more @ ORIGINAL SOURCE

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