Finance1 min read
After years of lagging behind and trading in a broad consolidation range, staged an exceptional rally this year, surging to a record high of nearly $120 an ounce in the London spot marke
Added to Nesh: · Finance
Source: X (@ETMarkets)
Shared on NeshSource: X (@ETMarkets)
Read originalAfter years of lagging behind #gold and trading in a broad consolidation range, #silver staged an exceptional rally this year, surging to a record high of nearly $120 an ounce in the London spot market in February. Domestic prices in India also scaled unprecedented levels, supported by robust industrial demand, tight supplies, strong investment inflows, and speculative buying. The rally briefly made silver one of the best-performing commodities and attracted significant investor participation. #ETMarkets Read more here economictimes.indiatimes.com… Link Silver loses more than half its value from record high: What went wrong and will it recover? Silver has plunged more than 58% from its February record high of nearly $120 an ounce to around $50, as profit-booking, weaker industrial demand and shifting macroeconomic conditions weigh on... economictimes.indiatimes.com
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