Silver, which is trading at Rs 68,453 per kilogram, has appreciated 21.7 per cent over the past three months. Investors, however, should not get carried away by its recent performance and rush to put their money in it. Instead, they should evaluate its pros and cons and then take a well-considered decision regarding whether it suits their risk appetite.
Factors pushing up price
China, the biggest consumer of silver, is opening up. “Its reopening is fuelling the rally in silver prices,” says Chintan Haria, head-investment strategy, ICICI Prudential Asset Management Company (AMC).
Unlike debt instruments, precious metals don’t offer any