Silver surges near three week top, MCX futures approach Rs 99K

COMEX Silver futures have edged up this week amid sustained weakness in the US dollar index. The white metal also followed a sharp rally in Copper and hit a near three week high of $33.50 per ounce today. The commodity raced up after falling near $31 per ounce in last week of February as weak US dollar propped up precious metals. With this rally, the metal has extended its broad winning run this year. MCX Silver futures are trading at Rs 98840 per kg, up 0.72% on the day. Silver has managed to hold up in recent times despite a massive slide in the US equities.

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