COMEX Silver futures are holding above $23 per ounce as sentiments remained mostly supported on firm Indian demand trend. The white metal hit near one week high above $23 per ounce last week as bearish US dollar and steady buying in Gold supported the metal. Indias Silver imports came in at Rs 1749 crore in December 2021, up by a massive 2200% compared to December 2020. Silver imports in April-May 2021 also jumped around 162% compared to same period in last year. COMEX Silver futures corrected a bit on profit selling but are back above $23 per ounce mark today as equities saw a mixed outing in Asia. MCX Silver futures are trading at Rs 61791 per kg, down marginally on the day.
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