Investors have started betting big on silver amid hopes of a sharp upswing in its prices in the calendar 2018.Despite immense of potential for an increase following improvement in industrial commodities' prices, silver remained an underperformer in calendar 2017 with a mere 6.3 per cent of returns in dollar terms and nearly 4 per cent loss in the rupee value. By contrast, all asset classes in commodities segments like base metals, crude oil etc yielded returns upto 30 per cent.Considering silver to remain a weak performer for 2017, leading global investment bank Goldman Sachs forecast, silver to fare better than gold in calendar 2017."Typically, silver tends to outperform gold at the current state of the business cycle, as it is more strongly leveraged to global growth given its significant industry use. However, the relationship broke down post-2011, as price induced silver industrial demand to diverge from the growth of business cycle. Now, we are finally beginning to see evidence ..
Gold held steady at Rs 28,780 per 10 grams
In the futures segment of the MCX, silver prices had fallen by 15 per cent in the Dec quarter
While silver has the potential to appreciate further, do take into account commission and storage cost
Down Rs 350; Gold held steady at Rs 31,150 per 10 grams
Silver has been an high beta commodity with prices rising and falling fast in comparison to gold
In the international market, silver fell 0.80% to $19.85 an ounce in Singapore
Gold extends slide for third day, sheds Rs 150 at Rs 30,700 per ten grams as demand from jewellers dries up
Metal adds as much as Rs 2,260, or 5%, to close at Rs 47,340 a kg, the highest since March 2014
Silver weekly-based delivery to continued its upward journey and edged up by Rs 30 to Rs 45,200 per kg
Market quoting at a huge discount as price crosses Rs 45,000 in India
Q&A with Manager, Precious Metals Demand, Asia - GFMS, Thomson Reuters
In the international market, silver prices fell 0.64% to $16.25 an ounce in Singapore today
The white metal had lost Rs 1,360 in the previous five days
India can beat Thailand, China & Turkey; be top exporter, say experts
Silver jewellery exports from India quadrupled since 2010-11 due to rapid shift in consumer preferences in favour of light weight, modern, contemporary designs of gemstones studded ornaments
It's this renewal in the short term of interest in precious metals as a safe haven: Erica Rannestad
Higher global investment demand expected to keep the white metal ahead
As commodities rallied on firmer oil prices and optimism over the Chinese economy.
Gold traders were also watching for comments from Federal Reserve officials to gauge the outlook for US monetary policy