Silver prices on MCX plunged. At 14:09 hrs MCX SILVER July contract was trading at Rs 41193 down Rs 1436, or 3.37 percent. The SILVER rate touched an intraday high of Rs 42550 and an intraday low of Rs 40749. So far 22720 contracts have been traded. SILVER prices have moved down Rs 23817, or 36.64 percent in the July series so far.
MCX SILVER September contract was trading at Rs 41732 down Rs 1432, or 3.32 percent. The SILVER rate touched an intraday high of Rs 41776 and an intraday low of Rs 41261. So far 777 contracts have been traded. SILVER prices have moved down Rs 15587, or 27.19 percent in the September series so far.