COMEX Silver futures moved up well above $20 per ounce though the overall trend remained volatile on broad strength in the US dollar and ideas that the tight monetary policy will hurt the demand for industrial metals. There are indications of good demand from Indian retail buyers though, capping downside for the white metal. Long term scenario looks good for the silver prices. A latest […]
Copper soared more than 7% in a single session on supply concerns in Peru. The metal had eased earlier as the US dollar regained strength on the back of Fed massive rate hike coupled with reports of weak data and COVID situation from China. The Caixin China manufacturing Purchasing Managers Index rose to 49.2 in October from 48.1 in the previous month, data from S&P […]
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