Silver Struggles Near Five Week Low, MCX Futures Fall After Testing Rs 59800 Per Kg Mark

24 Jun 2022 , 05:01 PM

COMEX Silver struggled near five week low, not witnessing much of buying support as precious metals markets lingered in a tight range. Gains in equities capped safe haven demand. Asian stocks moved up on Friday. Major gains were seen in Chinese and Hong Kong indices. European shares moved up ahead of the weekend with major indices rising more than 1%. COMEX Silver futures are trading at $20.85 per ounce, down 1% on the day. MCX Silver futures are trading at Rs 59261 per kg, down 0.41% on the day as an intraday high of Rs 59800 per kg mark failed to sustain in early moves. Local spot demand remains thin at the start of the monsoon season, keeping a check on major upmove in futures.Powered by Commodity Insights