COMEX Silver futures tracked firm Gold prices and the spirited rally in Copper to break above $27 per ounce mark. The white metal edged up to a two month high of $27.80 per ounce. Continued lax global monetary policy outlook and massive drop in the US dollar supported the metal. The US dollar index tanked near 90 mark- testing a two month low as weak labour market data reinforced hopes of the US Fed extending with its ultra-easy monetary stance. MCX Silver futures surged above Rs 70000 per 10 grams and hit above Rs 72000 per kg even as local spot demand was in a fix.
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