MCX silver declines Silver futures on the Multi Commodity Exchange (MCX) declined on Tuesday, tracking weakness in global markets after international prices fell more than 2% to trade below $86 per ounce.
On MCX, silver futures slipped as investors booked profits following a recent rally. The domestic market mirrored the correction in global prices, which snapped a four-day gaining streak amid renewed trade uncertainty and geopolitical concerns.
Internationally, silver came under pressure after investors reacted to fresh developments surrounding US trade policy. Global logistics firm FedEx filed a lawsuit seeking a full refund after the US Supreme Court struck down former President Donald Trump’s emergency tariffs. The legal development added uncertainty to the already fragile global trade environment.
Earlier, silver had rallied after Trump threatened to raise global tariffs from 10% to 15% in response to the Court’s ruling. However, concerns that shifting tariff policies could disrupt existing trade agreements weighed on sentiment, prompting profit booking in precious metals.
Markets are also closely monitoring US-Iran talks scheduled to resume later this week. While Trump reiterated his preference for a negotiated settlement, he warned of serious consequences if a nuclear deal is not secured, keeping geopolitical risks elevated.
MCX silver continues to take direction from global price movements, with trade policy developments and geopolitical headlines driving short-term volatility in the precious metals space.