Mumbai, Feb. 14 -- COMEX Silver futures broke out today, hitting near $34 per ounce mark amid awesome strength as worries over a physical shortfall in global markets propped up the metal. The commodity has seen excellent gains after surpassing $30 per ounce mark in last week of January and is currently up 3.80% at $33.98 per pound. This is the highest level in last three and half months for the metal. Silver has been well supported since the start of this month after Silver Institute noted that world silver market is forecast to record another significant deficit for the fifth consecutive year in 2025. Silver industrial demand will remain the key driver of this favorable supply/demand backdrop, with volumes projected to hit a new record hig...
Click here to read full article from source
To read the full article or to get the complete feed from this publication, please
Contact Us.