MTECHTIPS;-Silver 2013: All silver lining and no clouds
With the depreciation in Indian Rupee adding to the bash, Indian silver bugs have enjoyed 13% return in 2012 with around 30% reduction in trading volume on the MCX compared to 7% returns in the international markets.Main reason for investments to pour into gold and silver is the continuous stability witnessed in the global bullion markets. Besides it is easy to liquidate gold and silver. Normally, the commodity melts in the month of December following speculative selling pressure and profit booking as prices are trading at yearly high levels.Since attaining new highs at the end of 2010, gold and silver have been sold off, and the selling has been particularly intense in beginning of the year of 2011. Poor news plaguing the economy has proved to be completely bullish for the precious metal.