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Weekly Silver Review: COMEX Futures Test Two Month Low
(04-Dec-2021, 13:25 Hours IST)
Silver futures edged up from a two month low of $22 per ounce as bearish action in Gold weighed on the metal. Equities saw volatile moves and ensured that Silver stayed under stress for most of the last week. There are signs of a recovery in Indian demand though the global scenario is likely to be choppy given the Omircron scare and overall volatile price action in Copper. MCX Silver futures fell near Rs 60600 per kg mark before witnessing some buying support and managed to close around Rs 61570 per kg. US manufacturing output stays healthy and could keep losses limited for Silver in near term. The ISM said its US manufacturing PMI edged up to 61.1 in November from 60.8 in October

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