MCX SILVER July contract was trading at Rs 42350 up Rs 475,
or 1.13 percent. The SILVER rate touched an intraday high of Rs 42434 and an
intraday low of Rs 41999. So far 2533 contracts have been traded. SILVER prices
have moved down Rs 11073, or 20.73 percent in the July series so far. MCX
SILVER September contract was trading at Rs 42539 up Rs 537, or 1.28 percent.
Crude oil futures are trading higher in the Asia electronic trades today extending last week’s 4% rally on escalating conflict in Iraq pushing the cost of oil higher. Oil traders continued to keep a watch on development in Iraq. A radical Sunni militia on Sunday claimed it had executed hundreds of Shiite Iraqi soldiers while it appeared that the U.S.
The energy commodity also got boost last week as
the U.S.Energy Information Administration raised its 2014 forecasts for West Texas
Intermediate and Brent crude prices.The government agency said it expects WTI
prices to average $98.67 a barrel this year. Crude oil futures are trading higher in the Asia electronic trades today extending last week’s 4% rally on escalating conflict in Iraq pushing the cost of oil higher. Oil traders continued to keep a watch on development in Iraq. A radical Sunni militia on Sunday claimed it had executed hundreds of Shiite Iraqi soldiers while it appeared that the U.S.
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