Silver price jumps 8% in two weeks on industrial demand; gold follows suit

Gold-silver ratio indicates more upsurge possible for the white metal

The price of silver jumped 8 per cent in both domestic and international markets on the back of a sharp rise in industrial demand ahead of the Chinese New Year celebrations on January 25, 2020.

Silver traded at $17.9/oz at the London spot market on Thursday, recording an 8.2 per cent jump from its recent low about two weeks ago.

After hitting its recent high of Rs 49,950/kg in the popular Zaveri Bazaar here on September 4, silver in spot sales plunged to trade at Rs 43,225/kg on December 9, before bouncing back to Rs 46,580/kg on Thursday. The price