2 January 2026 Punjab Khabarnama Bureau : Silver prices gained momentum today as COMEX silver rose by 2%, reflecting renewed investor interest in the precious metal amid global economic uncertainty and inflation concerns. Analysts suggest that this uptick could lead to a gap-up opening on MCX, signaling bullish sentiment in the domestic market.
The increase in COMEX silver comes as traders react to recent macroeconomic data, geopolitical developments, and fluctuations in the US dollar. A weaker dollar generally supports higher silver prices, making it more attractive for investors seeking safe-haven assets.
On the MCX (Multi Commodity Exchange of India), silver is expected to open higher, with experts forecasting strong buying interest from both institutional and retail investors. Technical analysts point to key support and resistance levels, indicating that prices could test recent highs if momentum continues.
Silver, often considered a hedge against inflation and currency volatility, has seen increased activity in the futures and options market. Traders are closely watching global commodity trends, including gold prices and industrial demand, which influence silver’s performance.
Domestic market participants are advised to monitor international cues, as COMEX price movements and dollar fluctuations can directly impact MCX silver rates. With the recent 2% rise in COMEX silver, short-term traders may look for opportunities in both spot and derivative markets.
Summary:
COMEX silver surged 2%, driving expectations of a gap-up opening on MCX, with investors eyeing inflation trends, dollar weakness, and global demand to guide trading decisions.