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Commodity News Details
Hot Commodities: Silver pulls back to $57 after hitting a record high
02-Dec-2025 13:05
Silver dropped more than 2% to $57 per ounce in electronic trades on Tuesday as traders booked profits after yesterday's record high. The recent surge was fuelled by a weaker US dollar, tight physical supply, and strong industrial demand, with the dollar index now down nearly 10% this year. US manufacturing contracted for a ninth straight month in November, increasing expectations of a Fed rate cut next week. Markets are awaiting comments from Fed Chair Jerome Powell later today for clearer direction. On MCX, March silver futures also tumbled over 2% to ₹179210 per kg after touching a fresh peak of ₹182998 in the previous session.

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