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Commodity News Details
Silver slides after 1.50% surge in last session
14-May-2025 13:20
COMEX Silver futures pulled back a bit today after a sharp spike in last session. The metal quotes at $32.93 per pound, down 0.51% on the day after scaling up 1.50% in last session. Silver rose yesterday as commodities swelled amid a slide in the US dollar index. However, steady risk appetite seems to be weighing on the precious metals today. The Nasdaq and the S&P 500 have hit their best closing levels in well over two months, with the S&P 500 turning positive for 2025. COMEX Silver futures failed to hold on above $33 per ounce mark amid these cues and currently trades at $32.99 per ounce, down 0.35% on the day. MCX Silver futures are trading at Rs 96680 per kg, down marginally on the day. The counter opened sharply lower but moved up after breaking above Rs 96k. MCX Silver spiked around 1.50% in last session.

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