Silver Glitters On Firm Equities, MCX Futures Approach Rs 56K

27 Sep 2022 , 05:32 PM

COMEX Silver futures soared today as a bounce from around two and half week low extended amid firm equities. The US dollar index slipped by half a percent to around 113.30 and pushed up COMEX Silver futures to $18.74 per ounce, up 1.40% on the day. The metal saw good strength in the afternoon after a rather tentative movement earlier. Asian markets rose with the Chinese Shanghai Composite jumping 1.4%. The Japanese Nikkei 225 index added half a percent after deep losses in last session that too the index to two and half month low. European shares edged up though the FTSE100 remained under stress. The US stocks slipped on Monday. Wall Street slid deeper into a bear market on Monday, with the S&P 500 and Dow closing lower by more than 1%. The gains in COMEX Silver also pushed up MCX Silver futures up by around 1% to Rs 55903 per kg. Powered by Commodity Insights