Weekly Silver Review: Excellent Bargain Buying Boosts Sentiments, Prices Break Above $20 Mark

30 Jul 2022 , 03:13 PM

Silver futures moved up impressively after recent array of losses as Gold rebounded and good gains were seen in Copper too. The white metal broke above $20 per ounce mark and led to a sharp bounce in MCX Silver too. The MCX Silver futures closed above Rs 58000 per kg. The white metal eyed a sustained fall in the US dollar index. The dollar dropped to a three-week low near 105 mark as investor concerns about recession outweighed inflation worries. Silver had tested near two year low before the current recovery.Powered by Commodity Insights