COMMODITY
Silver futures trade lower on strong American currency
Apr-10-2026

Silver futures traded lower on MCX as a strong American currency makes dollar-denominated metals more expensive for international buyers, while higher US Treasury yields also reduced the appeal of silver as an investment. Moreover, a combination of heavy profit booking and geopolitical uncertainty surrounding the Iran war is also added pressure to silver prices.

The contract for May delivery was trading at Rs 241836.00, down by 0.79% or Rs 1932.00 from its previous closing of Rs 243768.00. The open interest of the contract stood at 5771 lots.

The contract for July delivery was trading at Rs 246100.00, down by 0.99% or Rs 2466.00 from its previous closing of Rs 248566.00. The open interest of the contract stood at 1276 lots on MCX.

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