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Dussehra is considered to be an auspicious time to buy gold. The Middle East conflict and the US interest rate direction have been driving the prices of gold in recent times. However, gold ETF holdings worldwide are at a 3-year low. This suggests that investors aren’t buying gold enough.
Gold ETFs offer far better liquidity, convenience, safety and efficiency over the physical gold markets; silver ETFs also provide better liquidity and price efficiency than traditional options.
These NFOs (new fund offers) are providing an opportunity to the investors to digitally invest and own silver which is easily tradable during market hours. Get more Markets News and Business News on Zee Business.
That's true even for us die-hard silver enthusiasts. After all silver had a standout 2020, having gained about 47% in its best year since 2010. That easily outpaced gold's own impressive 25% return. But the reality is that so far in 2021, silver is down 9%. And meanwhile, nearly all the fundamental market drivers have remained intact. It seems the pressures on silver prices are likely from two angles. The first is after such an impressive 2020, it was due to correct. That's what bull markets do. The second pressure point is a rising U.S. dollar index, likely thanks to rising lon...