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Commodity News Details
Weekly Silver Review: COMEX Futures Hit Six Week High In Volatile Trades
13-Jul-2024 14:31
Silver futures saw highly volatile moves but overall mood stayed supportive. The benchmark COMEX Silver futures hit a six week high above $32 per ounce before topping out and fell more than 2% in a single session on 12th July 2024 even as US dollar tanked and Copper rebounded. Silver is likely to track global equities in near term after a sharp spurt in last few weeks. The metal ended around $31 per ounce and is up around 5% so far this month. Prices soared 14% in May 2024 before pulling back around 3% in last month. Indian demand trends in upcoming festive season and general risk appetite will be critical for the metal from hereon.

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