Silver swells more than 1% in Asia, Chinese inventories in focus

COMEX Silver futures are witnessing a sustained upmove, adding to an impressive bounce earlier this week as geopolitical stress and thin inventories boost the white metal. COMEX Silver futures are currently quoting at $78.53 per ounce, up 1.15% on the day. Lows around $72 per ounce have capped the downside for the metal this week. Meanwhile, the Chinese markets remain shut for New Year holidays though a sustained decline in Silver inventories in Shanghai is highly supportive for the commodity. The latest data from Shanghai Futures Exchange (SHFE) showed that total inventories on warrant in the exchange stood at 353559 kg as on 13th February 2026, rising a bit from compared to 349900 kg in previous week. Inventories have edged up a bit from decade low but are still down around 60% on year ago basis. On MCX, Silver futures have jumped 1.48% at Rs 244968 per kg, moving up in tune with firm global cues.

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