US Treasury Liquidity Support Boosts Silver Prices
Silver futures surged nearly 1% to Rs 2.38 lakh/kg after a US Treasury liquidity-support announcement weakened the dollar and lowered bond yields, boosting precious metals.
New Delhi saw silver prices jump Rs 2,163 to Rs 2.38 lakh per kg in futures trade on Thursday, tracking a firm global trend after a surprise US Treasury liquidity-support announcement pushed bond yields and the greenback lower.
Analysts said softer US Treasury yields and a weak dollar boosted silver's appeal.