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Commodity News Details
Silver races above $70 per ounce, China inventories continues to deteriorate
24-Dec-2025 13:14
COMEX Silver futures stayed extremely well supported, hitting fresh record highs above $70 per ounce mark amid weak US dollar index. The US dollar index has eased to near two and half month low and there has been an excellent rally in all metals following this. COMEX Silver futures are trading at $72.24 per ounce, up 1.50% on the day. The metal has scaled up around 26% this month. Meanwhile, there is a sustained drawdown in Shanghai Futures Exchange or SHFE silver inventories. The latest data showed that stocks in Shanghai and Guangdong were at 4600 tonnes as on 19 December 2025, down from 4679 tonnes in previous week. Inventories stood around 4980 tonnes one month ago. MCX Silver futures have zoomed well above Rs 200000 per kg and are trading at Rs 223849 per kg, up 1.91% on the day.

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