Mumbai, 2 April (CommoditiesControl):
Silver prices surged by 2.74% to $25.65 per ounce on Tuesday as investors awaited key reports on the US economy, including job cuts and employment data. This anticipation, coupled with expectations regarding the Federal Reserve's interest rate policies, bolstered the demand for precious metals.
In line with this trend, MCX silver also witnessed a gain of (+1.76%), currently trading at 76895. If this upward momentum persists, MCX silver may potentially reach its previous all-time high and crucial resistance level of 78250.