Once silver breaches $30, there would be minimal resistance keeping it back from hitting $50, said Steve Penny, publisher of The Silver Chartist report.
Penney told David Lin, anchor for Kitco News, that $50 or even $30 an ounce for silver is unlikely to happen by the end of the year.
On the other hand, Gold rates in Mumbai today are influenced by a number of factors. Leaving that aside let us understand at the local level who influences the prices. In fact, the one biggest factor is the international factors.