Market Performance
Silver prices opened strong on Tuesday, continuing their upward momentum from the previous session. Internationally, COMEX silver extended its rally during early trading, moving over 1% higher. The white metal is trading near the $78 per ounce mark, approaching a key resistance level.
Meanwhile, on the domestic front, MCX silver followed suit. The metal opened with an upside gap and traded close to ₹2,50,000 per kg, signaling continued strength in the market.
Key Highlights:
- COMEX silver: up over 1% in early trading
- MCX silver: trading near ₹2,50,000 per kg
- Silver in Delhi (previous close): ₹2,45,510 per kg
Main News
The silver market is showing a strong upward trend, supported by global supply-demand dynamics. Early trading on both international and domestic exchanges indicates that investors are actively participating in silver, keeping prices elevated.
On MCX, the white metal continues to hover around ₹2,50,000 per kg. The previous session saw silver close at ₹2,45,510 per kg in Delhi, highlighting a steady gain in local markets.
Internationally, COMEX silver is testing the $78 per ounce level, maintaining its momentum from recent sessions. Traders and market watchers are closely tracking silver as it maintains its upward momentum.
Company/Exchange Details
- MCX (Multi Commodity Exchange): Key platform for silver trading in India.
- COMEX (Commodity Exchange, USA): International benchmark for silver prices.
- Delhi Silver Rate: Serves as a reference for local retail and wholesale pricing.
Summary
Silver is showing sustained upward movement both globally and in India. MCX silver is trading near ₹2,50,000 per kg, while COMEX silver is approaching $78 per ounce. Previous session in Delhi recorded silver at ₹2,45,510 per kg, reflecting the ongoing bullish trend.
Investors and market participants continue to track the silver market closely as prices maintain momentum, making it a key focus for commodity watchers today.
Source: Livemint
