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Commodity News Details
Hot Commodities: Silver spikes around 5% amid supportive demand outlook
23-Feb-2026 12:21
COMEX Silver futures soared today, adding to impressive gains in last session. Precious metals are soaring on sustained demand as geopolitical and trade-related uncertainty stays in place. U.S. stock futures fell after President Donald Trump said he's raising his global tariffs to 15% from 10% after the Supreme Court struck down the president's 'reciprocal' tariffs. Silver has seen excellent demand from Indian consumers in recent months despite the massive surge in prices. India's silver imports value zoomed up 140% to Rs 86623 crore in first ten-months of FY26. In China, there has been a sustained drop in inventories on the Shanghai Futures Exchange as stockpiles tanked around 60% on year ago basis to test one-decade low in February. COMEX Silver futures zoomed up around 5% to $86.02 per ounce ' hitting two and half week high. It had soared 6% in last session. MCX Silver futures are trading at Rs 264699 per kg, up 4.65% on the day amid steady trades.

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