Hot Commodities: Silver shines at 13-year high amid weak US data and trade jitters

Silver held firm near $36 per ounce on Friday, its highest level since February 2012, as weak US data and a dovish Fed outlook fueled safe-haven demand. Signs of labor market stress?rising jobless claims and a services slowdown?have strengthened bets on a September rate cut. In India, silver has mirrored this bullish trend. The most traded July contract for silver futures on the Multi Commodity Exchange (MCX) rallied by ₹1331 to hit an all-time high of ₹1,05774 per kg. Geopolitical tension added to market anxiety. A Trump-Xi phone call revived trade talk hopes, but Trump?s decision to double tariffs on steel and aluminum to 50% kept investors wary. All eyes now turn to the upcoming nonfarm payrolls report for fresh direction.

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