Silver Futures prices continued to hold strong and even gained today. This is mostly based on the fact that Europe’s debt crisis is expected to become even worse in the future and investors are scrambling to put their money into the white metal.
Futures trade with prices rose today by another 0.30% to Rs 67,904 per kg. In addition, pick-up in demand at the domestic markets on the back of marriage season also supported the upside in silver prices at futures trade.
At the Multi Commodity Exchange, silver for delivery in far-month March gained Rs 200, or 0.30%, to Rs 67,904 per kg, with a trade turnover of 24 lots. Silver for delivery in December traded Rs 261, or 0.29%, higher at Rs 66,655 per kg, recording a turnover of 910 lots.
Investors are still pretty worried about the situation overseas and as stated above, expect it to get worse still. This concern has spurred a major demand for protection of wealth. Right now there is no better way to protect your wealth than investing in Silver Bars and Coins.
Silver is hooting up in price everywhere today, as it was even up 0.5% to USD 43.13 an ounce in Asian region.

