Silver price outlook, Dec. 15 -- Silver prices continued their upward march on Monday, boosted by weakness in the US dollar and declining Treasury yields, pushing the metal closer to its historic highs. On MCX, March silver futures were up 1.36% at Rs.1,95,466 per kg around 9:15 am, extending their sharp gains from the previous session, when they surged Rs.2,700 or 1.3% to hit an all-time high of Rs.2,01,615 per kg.
"The increase in Silver to the Rs.2lakh level has been fueled by tightening stocks, strong industrial demand, and the metal's inclusion on the US key minerals list. Demand has been especially robust in the solar, electric vehicle, and data centre sectors. Strong ETF inflows and retail buying bolstered forecasts of a market de...
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