Mumbai, March 2 -- COMEX Silver futures soared today, tracking firm cues from Gold as safe-haven demand escalated. Over the weekend, Iran's Supreme Leader Ayatollah Ali Khamenei was killed after Israel and the US launched a massive and ongoing attack against Iran's leadership and military. US President Donald Trump has urged Iranian forces to lay down their arms. This propped up bullion futures at the start of the week and very thin inventories in China boosted the white metal further. COMEX Silver futures are currently quoting at $94.61 per ounce, up 1.41% on the day. These are the highest levels for the metal in last four-weeks. Silver is building onto the 19% rally seen in last month.
Meanwhile, the latest data from Shanghai Futures Exc...