Silver stocks are being in the news due to its regular price hike. Prices are increasing since consecutive five days. The silver price surged 22% since the BREXIT vote results last Friday. Getting strong signals from the global market prices are drifting upwards. On Monday, prices went to a record breaking level where prices were on the 28 months top. On the first day of new trading session Rs 2,155 increased and silver prices went up to Rs 47,715 per kg.

The mining sector of China recovered, increasing the consumption of Silver and its price in the Global market. Before this, Silver import in America increased 20 percent to 582 tons which is a record. The huge Silver Rally this week took a lot of precious metals investors by surprise. Rates of Silver jumped 34 percent since January. In Bullion Market, Silver coin prices increased up to Rs 2000.

According to experts, the ratio between Gold and Silver also decreased, which came to 72 from 83. Increased industrial demand of Silver and strong prices in the global market, speeded up the domestic market too. Like Gold, Silver rates are also decided by the global market signs and signals. Silver is an industrial commodity. During the January-March duration industrial production of China increased 5.8 percent annually. The mining and trading companies can be well profited with the increased prices of silver. The companies using silver as their raw material can be affected by its increased rates. Market analysts think that hike in silver price news may work negative for the solar panel manufacturer company Moser Baer.