Hot Commodities: Silver sees sparkling rise, MCX futures up around 3%

COMEX Silver futures saw an impressive spurt today after witnessing a correction in volatile trades earlier this week. The white metal had eased from one-week high as precious metal fell amid a firm US dollar. Sustained rise in Shanghai silver inventories also weighed on the metal. The counter rose impressively today amid a correction in crude oil prices and rise in risk appetite after US President Donald Trump said that Hormuz operation is being paused amid US-Tehran talks. COMEX Silver futures are currently trading at $74.09 per ounce, soaring 3.77% on the day. MCX Silver futures are trading at Rs 251407 per kg, up 2.90% on the day after hitting a high of Rs 252000 per kg.

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