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Silver Rallies Near $22 Mark As Equities Move Up

17 May 2022 , 05:34 PM

Silver spiked today as firm cues from Gold and strong equities pushed up the metal. Asian stocks edged up. Chinas Shanghai Composite index rose 0.65%. Hong Kongs Hang Seng added more than 3%. Japanese Nikkei index rose 0.42%. European markets continued to gain, adding to recent upmove. This boosted Silver as traders eyed the revival in risky assets and pushed up the metal after recent losses. COMEX Silver is currently trading at $21.86 per ounce, up around 1.41% on the day. MCX Silver is also up 0.73% at Rs 61370 per 10 grams. Powered by Commodity Insights

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