Silver slipped to just above Rs 2.37 lakh as uncertainty over Fed's rate path continues

Silver price today

Silver prices today dipped slightly amid elevated uncertainty over the Federal Reserve’s interest rate path.

On MCX, silver opened the session at Rs 2,37,263 per kilogram on February 16, representing 2.9 percent decline from the previous close.

The metal took a fall on Comex during early trade on Monday, declining from nearly $78, but recovered some of those losses to trade at $75 per ounce, though a decline of 3.31 per cent from its previous close.

The International Bullion and Jewellers Association pegged the standard price of silver at Rs 2,42,433 for 999 purity on its 18:30 pm rate session on February 13.

Why is silver price down? Should you invest?

All eyes are on the Fed’s rate-cut timeline that will determine the next directional move in silver.