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COMEX Silver futures edged up near $35 per ounce amid sustained weakness in the US dollar index. The white metal also followed a sharp rally in Copper and hit around five month high. The commodity raced up after falling near $31 per ounce in last week of February as weak US dollar propped up precious metals. However, the counter slipped thereafter and ended the week around $33.50 per ounce mark, nearing two week low. The near term sentiments are positive amid recent spike in Gold and Copper with firm equities also offering a good boost for the white metal. Meanwhile, India's Silver imports fell by around 74% on year to Rs. 3749 crore in the month of February 2025, indicating stress on demand following the spike in prices recently. Powered by Commodity Insights
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