Silver price: Silver prices are seeing tremendous boom these days. The July futures on MCX have crossed Rs 1,06,000 per kg. Silver has gained 7% in the last one week and has seen up to 21% from the beginning of 2025 so far. Not only this, silver has crossed $ 36 an ounce on the global market i.e. COMEX, which is the highest level since 2012.
Why is the price of silver increasing?
Experts believe that due to weakness and global uncertainty in US economic data, investors are turning to safe haven ie safe investment options. This time silver has seen more jump than gold. According to Manav Modi of Motilal Oswal Financial Services, basic demand in silver is getting stronger. At the same time, the interest of investors is also increasing rapidly, due to which prices are going to new heights.
What will be the silver trend next?
Viraj Didwania of Formite Bullion India says that people are now selling old stock silver due to increasing instability in the market. But there is no shortage in demand. In the coming days, silver prices may be seen further. The Vice President of Mehta Equities, Rahul Calvantra said that according to the coal minister, the gold-silver ratio which was earlier 107, has now fallen to 95. This means that now investors are giving more preference to silver as it is cheaper than gold and is expected to faster in it.
Where will the silver price be till Diwali
Experts believe that if economic stress continues globally, silver can go up to Rs 1.10 lakh per kg. Rahul Calvantra also informed that if the current speed continues, the price of silver can reach Rs 1,14,000 to Rs 1,20,000 per kg by this Diwali. However, he also warned that the market would remain fluctuated during this period.
Why invest in silver?
Silver is still a cheaper option compared to gold, which makes it likely to make better returns. Demand in the industry is continuously increasing. The demand for silver in electronics, solar energy and medical sectors is continuously increasing. Silver is considered a better asset to keep the portfolio balanced. Silver has given excellent returns to investors in recent weeks and if experts are to be believed, this fast may continue. If you are looking for new investment options, silver has emerged as a strong contender at this time. However, before any investment, consult your financial advisor.
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