Silver Sees Modest Upside, Equities Mixed

20 Jun 2022 , 05:04 PM

COMEX Silver futures saw modest gains today though overall mood remained choppy for the white metal. The white metal fell near one month low in last week before moving higher and consolidated around $21.60 per ounce amid mixed cues from equities globally. Asian stocks mostly fell on recession worries. Japanese Nikkei average dropped to a more than five-month low while South Koreas Kospi tanked to a 19-month low. The European equities moved modestly higher though.The US dollar index eased a bit from its recent two decade top and pulled back near 104 mark. Silver futures are likely to see muted action amid a continued sell off in COMEX Copper which fell under $4 per pound mark today. Powered by Commodity Insights