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Silver Prices Soar Amidst Dwindling Supply, Market Tensions Rise
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Silver Surges: Supply Dwindles, Prices Climb Amid Global Tensions & Weak US Data
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News18
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10-03-2026, 15:05
Silver Surges: Supply Dwindles, Prices Climb Amid Global Tensions & Weak US Data
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Silver prices jumped 2.32% to ₹2,68,285 as global tensions and weak US economic data push investors to safe-haven assets.
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Physical silver supply is critically low, with Shanghai Futures Exchange inventories at a decade-low of 350 tonnes.
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Weak US jobs data, including 92,000 job losses and a 4.4% unemployment rate in February, fuels recession fears.
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Declining US retail sales (down 0.2% in January) further indicate a slowdown in consumer spending.
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Experts recommend a long-term investment strategy for silver due to high short-term volatility.
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