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
In the short-term, however, further heightened volatility can not be ruled out, especially due to geopolitical factors and US CPI data
After soaring above NAVs, ETFs correct as supply and demand finally reconcile
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
Huge surge in silver ETF inflows is the major driver of this stunning ongoing silver rally as Fed rate cut expectations boost investors' sentiments
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.
Strong ongoing rally in Chinese equities is mostly positive for the grey metal. CSI33 Index has rallied over 27 per cent from its April low.
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
In ultra short-term, spot silver is likely to be under pressure on reduced safe haven demand and a firmer US Dollar
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 is well-supported by strong ETF inflows, but a firm dollar and trade news flow pose a risk to the metal prices, analyst says
The World Bank expects silver demand to remain robust, supported by the grey metal's dual role as both an industrial input and a safe-haven asset
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
The near-term outlook is somewhat bearish unless we see a strong and sustainable recovery in industrial commodities, says Praveen Singh
The price of 22-carat gold climbed ₹10, with ten grams of the yellow metal selling at ₹88,790
The price of 22-carat gold climbed ₹10, with ten grams of the yellow metal selling at ₹90,760