Silver surges to $32, MCX futures near ₹94000

Silver prices rallied to a one-month high of $32 per ounce on Thursday, driven by softer US inflation data that strengthened expectations of Federal Reserve rate cuts. Lower rates could boost demand for silver by stimulating economic growth and weakening the dollar. Despite the bullish sentiment, prices remain below October?s multi year high of $35 due to concerns over industrial demand. Overcapacity in China?s solar panel industry, a key consumer of silver, has prompted regulatory measures that may limit sector demand. Reflecting global trends, MCX silver futures climbed ₹549 to surpass ₹94,000 per kg.

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