Falling Chinese inventories lift Silver near $50 per ounce, Sharp rally in MCX Silver futures too

Silver futures soared today, adding to recent rebound and hitting near two-week high as a mild correction in the US dollar and overall gains in metals boosted the counter. The COMEX Silver futures are trading at $49.90 per ounce, up 3.65% on the day. Silver was in an upbeat mood in Asia as Chinse silver futures amid sustained drawdown in Shanghai Futures Exchange or SHFE silver inventories. The latest data showed that stocks were at 623052 tonnes as on 7 November 2025, down from 665544 tonnes in previous week. Inventories have turned lower at a rapid pace in recent months after starting the year around 1416425 tonnes. MCX Silver futures also jumped in tune with the firm global cues and are trading at Rs 152270 per kg, up 3% on the day.

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