Silver price falls 2% on MCX as high crude prices dim hopes of a US Fed rate cut - Where is the white metal headed?
Analysis of this story by livemint_markets · 16 Mar 2026, 9:14 AM IST (about 2 months ago)
AI Analysis
The global commodity cycle, particularly crude oil prices, is directly influencing precious metals. Reduced likelihood of US Fed rate cuts due to inflation concerns from high crude is negative for non-yielding assets like silver and gold.
Trading Insight
Maintain a bearish bias on precious metals; look for shorting opportunities or reduce long positions, with strict stop-losses.
Quick check: TATASTEEL bearish bias (oversold), HINDALCO bearish bias (-6.1% 1d).
Key Evidence
- •Silver prices dropped 2% on March 16 on MCX.
- •MCX Silver fell to ₹2,54,367 per kg.
- •The fall is attributed to a weaker dollar and high oil prices.
- •High crude prices are dimming hopes of a US Fed rate cut.
- •Gold also remained under pressure.
Sources and updates
Original source: livemint_markets
Published: 16 Mar 2026, 9:14 AM IST
Last updated on Anadi News: 16 Mar 2026, 9:22 AM IST
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