Silver Surges: Supply Dwindles, Prices Climb Amid Global Tensions & Weak US Data

• Silver prices jumped 2.32% to ₹2,68,285 as global tensions and weak US economic data push investors to safe-haven assets.
• Physical silver supply is critically low, with Shanghai Futures Exchange inventories at a decade-low of 350 tonnes.
• Weak US jobs data, including 92,000 job losses and a 4.4% unemployment rate in February, fuels recession fears.
• Declining US retail sales (down 0.2% in January) further indicate a slowdown in consumer spending.
• Experts recommend a long-term investment strategy for silver due to high short-term volatility.