India Silver gains on weak dollar index

Silver once again outperformed Gold in the MCX platform. The March contract advanced more than 3.50% and created record high at Rs.50420 to close at Rs.50290. Spot Silver in the electronic trading breached $33 mark to gain more than 3%.
Asian Equities reversed momentum. Except India all other Asian countries remained in down trend although DJIA closed in green
The middle east anxiety led yellow metal more precious but Silver as a second cheap bet surpassed Gold
The Dollar Index was weak yesterday on the back of which Silver got momentum
OUTLOOK

Spot Silver currently trading at $33.57 (-0.9% over Friday’s session). In MCX the March contract was closed at RS.50290 with a 3.61% margin from the prior. Base metals are expected to trade sideways on the back of equities weakness.
But, the PGM group as a whole is performing stupendous which will support Silver to rise. German PMI Manufacturing came better than expected which may boost the industrial demand for Silver. Overall it seems to be the day of Silver.
Gold/Silver Ratio: Silver continued its rally to surpass Gold may it is on the electronic exchange or in the MCX. US consumer confidence has already boosted up. Industrial demands are in place.
Economic recovery along with some tensions creating a mixed flavor for both Gold and Silver. However, safe haven with a cheaper metal, it is none other than Silver. In short, Silver is likely to overshadow Gold once again to make the ratio further down.

(Source: http://www.commodityonline.com/futures-trading/technical/India-Silver-gains-on-weak-dollar-index-22094.html)