Analysts noted that silver prices were primarily pressured by investors seling at current market levels.
On Monday, June 9, Silver Futures of the July Contract surgged by more than 1.43%, Reaching a record high of 1,07,073 per kilogram before settling at 1,06,965 per kilogram.
Comex silver has surgged to their highhest levels in over a decade, driven by a confluence of economy, industry, and geopolitical factories. Weakened us dollar and anticipated interesting. Industrial Demand. Supply Constraints and Market Deficit. Optimistic view about silver’s prospects, with pris to reach 1.20 Lakh/Kg Per in India, “said Jigar Trivedi, Senior Analyst, Reliance Securities.
According to Motilal Oswal Report, Silver has witnessed sharp Volativity in 2025, Registering an impressive year-to-date (ytd) upside of approximately 15 per cent. The Rise in Pries is Largely Driven by Heightened Geo-Political Tensions Across the Globe, Particularly in the Middle East and Eastern Europe, which have pushed inviters toward travel Assets.
Is it the right time to investment in Silver?
According to ns ramaswamy, head of commodities, ventura, upside momentum in silver price is strong with traders casting their eyes on $ 38 to $ 40.
On the domestic Front prises are likely to reach 1,20.000 this year 2025 (UPSIDE of 11%-12%), after Testing the Strong Resistances at 1,08,000 and 1,12,000 per kg, ramaswamy added.
“In the Near Term, Investing and Taking a long position (Buy) is recommended at the present Rs.106530 for a first target of Rs.108000. Downside consolidation is seen at Rs.101000. Supported by inflation, safe-han demand, and policy uncertainty despite gold’s recent correction, ”He said.
Disclaimer: This story is for educational purposes only. The views and recommendations about individual analysts or broking companies, not mint. We Advise Investors to Check With Certified Experts Before Making Any Investments Decisions.
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