Silver Performance Witnesses Divergent Trend

Mumbai: April marks the starting of the second quarter of the calendar year, which is usually records strong growth in commodity consumption. Historically, commodity performance shows a divergent trend in April. Silver and aluminium usually run into unfavourable returns this month, while for natural gas and WTI crude, historical returns are positive. April will be a mixed month for precious metals. Maximum returns are placed at 17 per cent and minimum return -13 per cent (-13 per cent). Odds of an advance of gold (spot) this month are 56 per cent, with hoped maximum return of 13 per cent and minimum of -9 per cent (- 9 per cent). For copper, the odds of advance are 50 per cent with maximum and minimum return respectively at 30 per cent and -15per cent.