Silver price witnessed a sharp correction on Wednesday after touching record high levels in recent sessions. The fall came mainly due to profit-taking by traders, who decided to book gains after the strong rally seen over the past few days.
Silver Price Today
Gold & Silver Price Prediction Today: Will Gold Hit ₹1.90 Lakh, Silver ₹4.20 Lakh?
Gold and silver prices are once again in the spotlight as investors closely track global cues and domestic market trends. With rising geopolitical tensions, a weaker US dollar, and strong demand for safe-haven assets, precious metals are showing steady strength.
Silver ETF Prices Fall 20%: Why the Multibagger Rally Suddenly Crashed
Silver ETF Prices: Indian silver exchange-traded funds (ETFs) crashed up to 20% on Thursday in a dramatic reversal, wiping out their premium to international and physical markets as investors fled amid heightened volatility in precious metals. Nippon India Silver ETF, ICICI Prudential Silver ETF, and Kotak Silver ETF each plummeted 19-20% in morning trade, falling below their indicative net asset values (iNAVs) as what had been an abnormally steep premium evaporated and transformed into a discount.
MCX Silver May Hit 3,00,000+ Soon, Says Market Expert Neal Bhai
New Delhi: Silver prices on the Multi Commodity Exchange (MCX) are expected to move higher in the coming sessions, with market expert Neal Bhai projecting a potential target of 3,00,000+ levels in the near term.
MCX Silver Price Analysis: Bullish Trend – Key Levels, Pivot, Supports & Resistances
MCX Silver price analysis: MCX Silver is showing a bullish mood, supported by strong buying in the bullion market. The Trend Bullish, which means the market is still positive.