Mumbai, May 12 -- COMEX silver pulled back following a sharp rally in the previous session. The commodity hit its highest level in two months supported by strong safe-haven demand amid escalating geopolitical tensions in the Middle East. Gold futures also paused recent surge and are quoting at $4732.50 an ounce as DXY edged up as focus shifts to key US inflation data, which is due later on Tuesday. Silver is up over 1% at $86.85 per ounce. Strong industrial demand is also driving silver rally. The counter surged more than 7% to a two-month high on Monday.
Published by HT Digital Content Services with permission from Capital Market....