Silver sparkles near $38; Cracks above 112000 mark on MCX

Silver prices surged toward $38 per ounce on Wednesday, snapping a two-day losing streak as retreating US dollar and bond yields reignited investor interest. A reassessment of the Fed?s policy path and escalating trade tensions, including Trump?s tariff threats on pharmaceuticals and semiconductors, added fuel to the metal?s safe-haven appeal. Weak dollar also added to gains in the white metal, with the dollar index hovering near 98 levels. MCX September silver futures touched the day?s high of Rs 112020 per kg and was last seen trading up by nearly half a percent.

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