Silver slips in futures trade on strong dollar, escalating West Asia crisis

NEW DELHI: (Jun 11) Silver futures remained under pressure for the fifth straight session, declining Rs 1,705 to Rs 2.33 lakh per kilogram on Thursday as investors shifted towards the US dollar amid escalating tensions in West Asia and lingering concerns over inflation.

On the Multi Commodity Exchange, the white metal for July delivery depreciated by Rs 1,705, or 0.72 per cent, to Rs 2,33,800 per kilogram in a business turnover of 11,600 lots.

Analysts said a strong US dollar and elevated Treasury bond yields continued to reduce the demand for precious metals.