Silver Smashes $62

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The Augmont Bullion report published on December 10 noted that silver reached a new high of $62 (Rs 1,90,000 per kilogram as markets anticipate a Federal Reserve interest rate cut later in the day, as well as firmer signals on policy direction through 2026. So book profit and stay sidelines ahead of the US Fed meeting.

“Silver rose to hit an unprecedented $60 milestone amid supply constraints and investor demand. After some minor pullbacks, silver bulls got in form once again with a more than Rs 6,000 jump in a single day,” said Manav Modi, Commodities Analyst (Precious Metal Research),” said Manav Modi, Commodities Analyst (Precious Metal Research), MOFSL

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