Silver prices surge by 6 per cent after 10 days of slump. Check rates here

After 10 days of slumping, Silver prices surged on Wednesday by ₹12,861 to around ₹2.36 lakh per kg in futures trading. The surge came as the US dollar weakened and concerns over inflation were eased due to drop in prices of crude oil.On the Multi Commodity Exchange, Silver soared by ₹12,861, nearly six per cent, to ₹2,36,802 for May delivery. Also read: Gold, silver price today: Check rates in Delhi, Mumbai, Chennai, other cities What caused the surge in Silver prices? Analysts attributed the rebound to strong positive sentiment in global precious metals markets and a weaker US dollar, reported the news agency PTI. "Silver's sharp rebound on Wednesday were driven by a softer US dollar and easing inflation concerns as crude oil prices corrected," PTI quoted Hareesh V, Head of Commodity Research, Geojit Investments Ltd, as saying.