Silver price hits 32-month high

Silver rate today had a gap up opening as the white metal gained buying interest by investors after ease in US dollar rates during morning deals in Asian stock market. Silver future contract on MCX for May 2023 opened upside and went on to climb to its 32-month high after hitting intraday peak of ₹74,790 per kg levels.

Gold rate today surged near half per cent in early morning deals whereas silver rate today hit 32-month high in domestic market. In opening bell at commodity market today, gold future contract for June 2023 on MCX (Multi Commodity Exchange) opened upside and went on to hit intraday high of ₹60,343 per 10 gm within few minutes of market opening. In international market, gold price today added 0.35 per cent and came close to $2,000 per ounce levels.

Alien Metals Ltd (LON:UFO) is a global minerals exploration and development company that will shortly make the transition to iron ore producer. The company was formed from Arian Silver in late 2018, retaining some of the companies more valuable Mexican projects before embarking on an acquisition led strategy, headed up by an excellent geological team and targeted entirely on Western Australia.

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