Silver prices in the domestic market are at lifetime highs amid multiple catalysts like safe-haven demand due to escalating geopolitical tensions, hopes of US interest rate cuts, speculative buying, and a sharp rally in industrial metals. Historically, silver and gold, both considered precious metals, are often influenced by similar market conditions. Due to this similarity, both can exhibit similar price movements, with silver prices often following the trends of gold prices.
MCX gold prices experienced a breather from the ongoing correction as the dollar index slipped slightly. Gold traded with a positive bias at the market opening time. Read on to know more about the trading of gold and silver futures on MCX and Comex.
