Silver expected to bounced back to the US$ 52-US$53 levels and thereafter may move towards the next targets of $ 58 and $ 62, strong support at $ 47.60.: Emkay Wealth Management
Spot silver hit an all-time high at $49.57 per ounce. Both a precious and industrial metal, silver has gained 70 per cent so far this year, heading for its biggest annual growth since 2010
Looking ahead to 2025, with demand forecast at 1,148.3Moz against supply of 1,030.6Moz, the silver market, Nomura said, faces its fifth consecutive year of deficit at 117.6Moz
Praveen Singh, head of currencies and commodities at Mirae Asset Sharekhan, sees a weakening US labour market as a potential source of concern for the metal
Silver outlook continues to remain constructive on rate cut expectations, huge ETF inflows, elevated geopolitical and economic risks. Strength in gold bodes well for silver.
Praveen Singh, head of currencies and commodities at Mirae Asset Sharekhan, recommends buying on dips rather than chasing the rally. He also advises closely monitoring the geopolitical situation
Silver trading strategy: Healthy risk appetite on US-China trade truce extension and surging risk assets would continue to support the metal into the dips.
Silver rally is primarily being driven by risk sentiments as expectations of rate cuts buoy the risk assets. Another supporting factor is healthy ETF inflows.
Silver rate today: Improvement in risk appetite due to President Trump delaying European tariffs and stabilising bond yields are likely to support Silver prices
Silver is emerging from gold's shadow as ETF returns outpace gold in recent weeks amid rising industrial demand, favourable price ratios and investor interest