Silver Price Today: MCX silver futures (December 5) soared to an all-time high of Rs 1,39,288 in the evening session on Friday. The near-month white metal contract surged by as much as Rs 2,232, or 1.6 per cent, to the unprecedented intraday level. The December contract has gyrated in a range of Rs 2,784 — between Rs 1,36,504 and Rs 1,39,288 — so far.
At 7 pm, MCX silver futures held on firmly to the green, roughly within Rs 200 of the peak and up 1.5 per cent for the day, at Rs 1,39,080.
MCX gold futures (October 3) was also in green territory, up 0.5 per cent at Rs 1,13,160, having risen to as high as Rs 1,13,346 in intraday trade. That was Rs 833 of an all-time high of Rs 1,14,179.
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Most analysts expect volatility in gold and silver futures to continue in the coming days, owing to fluctuations in global rates, strength in the US dollar, better-than-expected US macroeconomic data, and trade tariff-related jitters.
“The gold-silver ratio has given a fresh breakout to slip below the 84 mark, indicating more strength in silver prices,” said Manoj Kumar Jain, director, Prithvi Finmart.
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