Silver Crashes More Than 1%, Equities Turn Lower

10 Jun 2022 , 04:44 PM

Silver futures slipped today amid negative equities and firm US dollar. Asian stocks followed negative overnight cues from the US equities amid concerns about slowing global growth and rising interest rates. The mass testing announcements in Shanghai weighed on sentiments. The European equities saw muted trades ahead of weekend. The US stocks slipped heavily in last session. The Dow tumbled 638.11 points or 1.9 percent to 32,272.79 while massive losses were seen in NASDAQ and S&P also. The US dollar index held above 103 mark and capped major movement in precious metals. The COMEX Silver futures are currently trading at $21.55 per ounce, down 1.22% and testing around one and half week low. MCX Silver futures are also in deep red, down 0.87% at Rs 60876 per kg mark. Powered by Commodity Insights