Silver may soar on strong industrial demand

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AHMEDABAD, Mar 22 (Commodity Online): Overnight gains in Crude and base metals saw silver open higher at 53,245 as base metals gave up their gains. In earlier session, silver reached an intraday low of 53,245 but renewed buying interest brought the metal slowly back up to its day high level at 54,197 rupees. Silver climbed on strong industrial demand and short term supply tightness, after the metal fell 2 per cent in last week. From last few days, Silver prices seem to be in obvious strength in physical market and filling down of the global slowing fears from the Japan radiation risk.