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Silver shines amid market volatility, outpacing gold, Sensex, and Bitcoin. Industrial demand, Fed rate cut hopes fuel rally. Analysts bullish. Corrections possible, strategic buying advised.
India Business News: Silver prices have surged in May driven by increased industrial demand, interest rate expectations, positive global manufacturing activity. The white
MCX has allowed FPIs under the categories of individuals, family offices and corporates into oil and natural gas derivatives, which made up 77% of MCX's March turnover.
Silver Price: Both gold and silver trying to breach their multi-year highs indicates that a bull market is in force for precious metals, and historically, silver has outperformed gold in such situations, said Sahil Kapoor, market strategist at DSP Mutual Fund.
Both gold and silver trying to breach their multi-year highs indicates that a bull market is in force for precious metals, and historically, silver has outperformed gold in such situations, said Sahil Kapoor, market strategist at DSP Mutual Fund.