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Live Commodity Updates - Silver & Base Metal News

Silver Live Updates SILVERMIC prices on MCX gained today. At 10:54 hrs MCX SILVERMIC November contract was trading at Rs 62655.00 up Rs 223.00, or 0.36%. The SILVERMIC rate touched an intraday high of Rs 62760.00 and an intraday low of Rs 62492.00. So far 9215 contracts have been traded. SILVERMIC prices have moved up Rs 1765.00, or 2.90% in the November series so far. Silver assets in exchange-traded products are poised to expand to a record, joining the biggest- ever hoards of gold and platinum, as increased stimulus from the world’s central banks spurs investors to amass precious metals. The amount held in ETPs was 18,525.76 metric tons yesterday, 0.6 percent below the peak of 18,639.07 tons in April 2011, according to data compiled by Bloomberg. Silver, which also benefits from bets on economic recovery, has risen 22 percent this year, outperforming gold, platinum and palladium futures. At 10:54 hrs MCX SILVERMIC February contract was trading at Rs 64370.00 up Rs 229.00, or 0.36%...