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
The zinc and silver producer's total revenue from operations jumped by 20.4 per cent to ₹9,087 crore in the January-March quarter on a year-on-year (Y-o-Y) basis
The price of 22-carat gold declined ₹10, with ten grams of the yellow metal selling at ₹90,140
The price of 22-carat gold rose ₹10, with ten grams of the yellow metal selling at ₹92,910
The price of 22-carat gold declined ₹10, with ten grams of the yellow metal selling at ₹89,440
The price of 22-carat gold rose ₹10, with ten grams of the yellow metal selling at ₹89,460
The price of 22-carat gold rose ₹10, with ten grams of the yellow metal selling at ₹89,210
Gold/Silver ratio above 100 poses a risk to silver prices as it indicates troubles with the global economy. The ratio may rise to 110-112 in the coming weeks