Top 10 Reasons for Silver's Rally and Best way of Investment...!
by Mr. S. Sridharan, Financial Planner,
https://www.walletwealth.co.in/
1. Gold's rally boosting silver as a correlated asset.
Gold surged to $2,733.50/oz, pushing silver higher.
2. Geopolitical tensions driving demand for safe-haven assets
Middle East tensions fueled safe-haven buying of silver.
3 Expectations of central bank rate cuts favouring precious metals
U.S Fed and ECB expected to cut rates; support silver.
4 U.S. election uncertainty increasing market hedging demand
Tight presidential race spurs hedging in gold and silver.
5 Rising demand for industrial silver in renewable energy sectors
Silver is crucial in solar panels and EV production growth.
6 Inflation concerns driving investors towards real assets like silver
Investors turn to silver as protection against rising inflation.
7 Strong physical demand from investors and central banks
Silver hits $34.06/oz, highest level since late 2012.
8 Lower interest rates making non-yielding assets more attractive
Low-rate environments enhance the appeal of silver and gold.
9 Silver's affordability compared to gold appealing to retail investors
Silver's price at $34.06/oz remains accessible versus gold.
10 Technical momentum breaking key resistance levels at $32.55
Silver broke $32.55 resistance, establishing new support for further gains.
The best way of investing in Silver is Silver ETF
Mr. S. Sridharan, Financial Planner,
https://www.walletwealth.co.in/
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