recent market news
Silver Prices Post in Green, Reverse Trend
In today's commodity update,silver prices were bullish worldwide. In the Indian market, silver gained by 0.70% to a price of 66761 INR per kg. In the global markets, silver gained by 1.00% to $24.83 per troy ounce. For the entirety of last week, silver prices had underperformed compared to gold. Today's update marked a change as silver stocks maintained strong bull positions as it performed over gold.
The XAG/USD rate also gained by 0.66% to $24.70 per troy ounce.
Supply chain issues within the precious metal's trade cycle system should inspire investors to hold on to their stocks, however the Federal Reserve's hawkish position comes off as a bearish risk for the commodity.