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Commodity News Details
Silver pulls back from $58 as traders lock in profits near record highs
03-Dec-2025 13:16
Silver futures dipped to around $58 per ounce on Wednesday as traders booked profits after the metal hovered near record highs. The recent surge toward $60 was supported by a weaker US dollar, tight physical supply and strong industrial demand, with the dollar index down nearly 10 percent this year. Weak US manufacturing for November strengthened expectations of a 25 basis point Fed rate cut next week, with markets also pricing in more cuts next year. Investors now await comments from Fed Chair Jerome Powell for clearer cues. On MCX, March silver traded slightly higher at ₹182197 per kg after touching a new peak of ₹182998 on Monday.

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