When a rigid object is submerged in a fluid (completely or partially), there exits an upward force on the object that is equal to the weight of the fluid that is displaced by the object.
When the object is removed, the volume that the object occupied will fill with fluid. This volume of fluid must be supported by the pressure of the surrounding liquid since a fluid can not support itself. When no object is present, the net upward force on this volume of fluid must equal to its weight, i.e. the weight of the fluid displaced. When the object is present, this same upward force will act on the object.