Mumbai, March 27 -- Silver prices surged past $34 per ounce extending gains and are set to end Q1 with over 18 percent growth. Silver has continued to outperform gold this year as well, with the steep fall of 4% in the US dollar supporting the silver bulls. Recent gains are driven by optimism that President Donald Trump may take a more targeted approach to tariffs before the April 2 deadline. However, uncertainty lingers as Trump vowed fresh levies on automobiles, pharmaceuticals, and other industries. Expectations of Fed rate cuts further fueled silver's rally, with markets pricing in two quarter-point cuts in June and September, and a possible third cut in December. MCX silver futures also touched a high of Rs.101999 per kg on March 14 an...
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.