More gain ahead for silver

In the futures segment of the MCX, silver prices had fallen by 15 per cent in the Dec quarter

Spot silver prices in the international markets have risen by 8.5 per cent in the quarter ending March. In the previous one, ending December 2016, these had declined by 17 per cent. In the futures segment of the Multi Commodity Exchange (MCX), silver prices had fallen by 15 per cent in the December quarter; for the March 2017 quarter, these were up around nine per cent.

However, net long positions in silver as on April 11 numbered 98,845 contracts, when compared to 65,072 contracts as on March 21. Net longs in gold as on April 11 stood at 140,407 contracts,