Silver Soars 1% Amid Firm Risk Appetite

18 Jul 2022 , 05:22 PM

Silver futures moved up today, tracking firm global cues as COMEX Silver jumped amid a slide in the US dollar index. The commodity currently trades at $18.77 per ounce, up 1% on the day as the US dollar index pulled back under 108 mark and triggered decent risk appetite. MCX Silver futures are also trading up 0.69% at Rs 55973 per kg after hitting a high above Rs 56300 per kg. Asian stocks rose on Monday on upbeat earnings news and strong economic data. European stocks edged higher on Monday ahead of this weeks ECB meeting and the expected resumption of an important gas pipeline that is currently closed for maintenance. The US stocks moved up impressively in last session. Powered by Commodity Insights