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Comex Silver Falls 3% to $86/oz on Profit-Booking; MCX Reopening After Holi to Offer Cues Amid US-Israel-Iran Tensions
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Comex Silver Dips 3% to $86/oz on Profit-Booking Amid US-Israel-Iran Tensions
M
Moneycontrol
•
03-03-2026, 14:56
Comex Silver Dips 3% to $86/oz on Profit-Booking Amid US-Israel-Iran Tensions
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Comex silver declined 2.94% to $86.24 per ounce after investors booked profits following a rally.
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The metal briefly surged past $90/oz, peaking at $94 per ounce during intraday trading on Monday.
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Today's decline is also attributed to a stronger dollar, trading at 91.917 against the rupee.
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Indian investors await market reaction when MCX reopens after Holi, with Middle East tensions keeping silver on edge.
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Analysts predict increased volatility for silver due to geopolitical conflict and normal market drivers; a stronger USD could limit gains.
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