Silver prices climbed approximately 6 percent this week to settle at Rs 71,500 per kg on improving demand outlook and hopes of global economic recovery.
“For the upcoming week, traders should keep an eye on Buy-on-dips opportunity in MCX Silver May future from the level at Rs 68,200.
Silver delivery for the May contract eased by Rs 181, or 0.25 percent to settle at Rs 71,500 per kg with a business turnover of 9,957 lots.
Price sustained trade above the resistance Rs 71,170 will lead the move towards Rs 73,500 area, followed by Rs 77,500.