MCX Silver bounces in volatle trades as lows around Rs 231K mark cap downside

MCX Silver futures saw a good bounce in intraday moves as COMEX Silver stayed well supported above $73 per ounce. The global cues remain stable as the US and Iran weighed a framework proposal to end their extended conflict. COMEX Silver futures added around 4.50% in last week and managed to hold above $70 per ounce this week. Indian retail demand is steady after recent decline in bullion prices. MCX Silver futures fell near Rs 231000 per kg mark before a strong rebound in afternoon trades. The counter currently trades at Rs 233890 per kg, up 0.22% on the day. It had hit above Rs 235000 per kg in early trades today before witnessing a slide.

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