By Admin 
Silver Price Surge: A sharp rise in silver prices is being seen in the commodity market on Friday, February 27. Silver has become costlier by about 8 thousand rupees in one stroke. Silver prices on Multi Commodity Exchange (MCX) are running like a rocket. The main reason behind this is said to be the inconclusive talks between America and Iran on the nuclear issue.
There is an atmosphere of global uncertainty due to the tension created between the two countries. During this period, the US dollar also reached its highest level in three weeks. The condition of the Indian rupee is bad during the trading day. Let us know why investors are returning to silver…
latest price of silver
On MCX, at around 1:30 pm, silver futures with expiry of March 5, 2026 were trading at Rs 2,67,100 (per kg). Silver started the trading day at Rs 2,67,500. An increase of 2.86 percent or Rs 7,431 was seen in the prices of silver.
Impact of America-Iran dispute
The talks between America and Iran held in Geneva have not yielded any concrete results. However, Oman, which is mediating, has described the talks between the two countries as positive. Still, even after several hours of discussion, no positive result was seen.
Meanwhile, US President Donald Trump’s talk of increasing military presence has heated up the atmosphere again. This dispute between America and Iran gave rise to global uncertainties. Due to which the price of silver is getting support.
Silver strengthened due to demand for safe investments
On the rising prices of silver, experts say that amidst increasing geopolitical tension and uncertainty regarding US trade policy, investors are turning towards safe options.
For this reason, the prices of gold and silver remain high and they are trading around the high level of about four weeks. Experts said that silver is moving towards the resistance level of around Rs 2,75,000.
Disclaimer: (The information provided here is being given for information only. It is important to mention here that investment in the market is subject to market risks. Always take expert advice before investing money as an investor. ABPLive.com never advises anyone to invest money here.)
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