Silver zooms to all time high

Silver prices zoomed to set an all-time high peak at Rs 12,750 per kilo on the bullion market on Saturday as stockists and jewellers bought silver, shifting from the yellow metal which touched a record high.

The white metal had set a record high of Rs 12,300 April 5, last year and a surge of Rs 225 drove the metal to Rs12,750 per kilo, a level never seen before.

Trading sentiment turned bullish on brisk buying by industrial units and jewellers buying as an alternative to costlier gold, which touch a record high in recent past.

Trading activity was strong influenced by firm advices from international markets where both the precious metals, silver and gold, zoomed on hectic buying.

In overseas markets, silver rose to an 18-year high following growing demand from electronics makers and as rising gold prices prompt jewellery makers to seek cheaper alternatives.