Silver Price Update: Silver price staged a sharp rebound after a steep three day sell off supported by value buying and easing panic liquidation. Silver rose as much as 8.1% – taking it above USD 85 and erasing the previous day’s loss – before paring gains. After Trump’s tariffs were reduced it was being estimated that gold and silver prices would fall further. However this does not appear to be happening. Following a sharp decline gold and silver are witnessing a stormy surge today February 3. As of 10:23 am silver prices have jumped by more than Rs 18000 per kilogram. Manoj Kumar Jain of Prithvi Finmart said gold and silver remain highly volatile but key support levels are holding. On the MCX gold support is Rs 136600–140000 and silver Rs 221000–228000. He recommends buying gold at Rs 138000–144000 and silver at Rs 228000–240000 with defined stop-losses and targets. Cities Rate of Silver Patna ₹253600 Jaipur ₹253700 Kanpur ₹253800 Lucknow ₹253800 Bhopal ₹254550 Indoor ₹254550 Chandigarh ₹254280 Raipur ₹254180 Precious metals tumbled from record highs catching even veteran traders off guard. The rally already intense gathered pace last month as investors rushed into gold and silver amid fresh fears over geopolitical instability currency debasement and challenges to the Federal Reserve’s independence.
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