Both silver and gold are headed to basement after strong US and Europe's economic data
Silver also gained Rs 161 to Rs 62,542 per kg, compared with Rs 62,381 per kg on Thursday
Rising coronavirus cases, especially in Europe, are keeping gold supported, more so because of the possible economic fallout
Crude oil has breached its range of 3,130-3,230 with volumes
Lead has made narrow-bodied candles around 158-159 zone
Copper prices are far from 20 DMA and, historically, we have seen mean reversion happens when prices run too far from 20 DMA
Copper has made 'harami' candlestick pattern on daily scale which is a sign of reversal
Natural Gas has breached its previous resistance of 163
Crude oil bulls look exhausted
Yellow metal closes at Rs 52,801; there are indications of heavy profit-booking in short term
The rally, set since March end, has delivered a 39 per cent return to investors as against 14.3 per cent for gold
The silver bricks are proposed to be laid as foundation for the temple
Buying physical is the easiest way or use global route to invest in ETFs
Silver up 2.6% to cross Rs 50,000 a kg as safe-haven demand rises
In the previous trade, gold had closed at Rs 48,785 per 10 gram
The US non-farm payroll data later in the day could either make gold break the $1,800 level and start fresh momentum on the upside or make the intermediate top
International futures hit $1,800, head towards all-time high
In the April-June quarter, the ADTV value of futures contracts in silver was at Rs 5,850.62 crore, the highest since the introduction of the commodities transactions tax
Take into account the fundamental factors driving demand before deciding to shift from gold to silver
Silver has made harami candlestick formation on daily charts