Spot silver up 0.2 percent on the day at $31.72 an ounce

Silver prices were also slightly higher, tracking gold’s modest gains. Spot silver was up 0.2 percent on the day at $31.72 an ounce, but remained on track for a 7 percent decline in November.

A senior official at ScotiaMocatta, a bullion dealer, said on Thursday Indian imports of silver would be marginally lower this year compared to last year.

India is a leading consumer of silver and the world’s largest consumer of gold.

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Posted by Silver Guru on Nov 24 2011. Filed under Silver prices. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry