India silver settles higher on weak dollar index

The spot silver has settled the week by gaining 0.39% from previous closing at $37.81. However, futures in the COMEX and MCX division had eroded some value on US labor market’s firm recovery.
COMEX Silver May future lost due to favorable data releases from the US. The Global equities closed by gaining modestly to settle the week. The dollar index Dollar Index closed at 75.833 by losing 0.03%.
The I-share silver holding is counted to its current holdings of 11139.52tons as on 1st April.
Outlook:

The COMEX May future is currently quoting $38.08, up by 0.90% from the previous closing. The Asian equities are trading mostly in positive and the dollar index in a bit stronger side.
Silver at tandem to gold may be remunerative today as we have discussed the ambiguity creating over the Libyan region may propel havens demand.
On the other hand, the Ireland’s crisis may flame the demand for safety. On the back of equities and a likely assistance from the base metals, Silver may move up. However, the weaker data expectation from the UK PMI construction may restrict the metal’s upside.
Overall, it is likely that the white metal will be remaining up for the day and hence is recommended to be on the buy side for silver.

(Source: http://www.commodityonline.com/futures-trading/technical/India-silver-settles-higher-on-weak-dollar-index-22989.html)