Silver Prices Dip Slightly Today, But Long-Term Uptrend Continues; Check City Rates

• Global spot silver price dipped 0.55% to just above $65/ounce on Dec 19, but up 5.03% weekly.
• Domestic MCX futures opened at Rs 2,03,099/kg, down 0.23%, after hitting an all-time high of Rs 2,07,833.
• City-wise prices show Mumbai, Delhi, Kolkata at Rs 2,11,100/kg, while Chennai, Hyderabad, Kerala are Rs 2,24,100/kg.
• Prices are rising due to anticipated interest rate cuts, global liquidity, softer dollar, and strong industrial demand.
• Outlook suggests continued uptrend with potential new highs, but a short-term consolidation or correction is possible due to being 'overbought'.

Why It Matters: Silver prices show a slight daily dip but maintain a strong uptrend driven by economic factors.