Gold and silver exchange traded funds (ETFs) staged a strong rebound on February 9, mirroring the sharp recovery in precious metal prices after a period of intense volatility that rattled investors. The bounce followed last week’s steep correction, which was driven by speculative excess, margin-related liquidations and a stronger US dollar. Monday’s recovery was led…
Harshal Dasani, Business Head at INVasset PMSsaid that the current gyrations in gold and silver signal that we are near intermediate bottoms, and not cycle tops. His conviction on the precious metals stems from fundamentally-driven factors like central bank buying, suppressed real interest rates and the industrial demand for silver. Despite the sharp drawdowns seen…
Silver rate today: Silver ETFs extended losses for the third straight session as the historic slide in precious metals intensified across domestic and global markets. The sharp correction in bullion prices has spilled over into exchange-traded funds, eroding gains that had built up over an extraordinary rally in the past year. Among the hardest hit…
Silver rate today: Silver futures eased on the Multi-Commodity Exchange (MCX) on Thursday, January 22, amid ease in geopolitical tensions, which dampened safe-haven demand and strength in the US dollar. Global tensions declined as US President Donald Trump backed down from new tariff threats and proposals to annex Greenland by force, pushing MCX silver prices…
