Silver prices are expected to rise by 20% over the next year, reaching $60 per ounce, according to Emkay Wealth Management. The firm cited growing industrial demand and a persistent supply deficit of around 20% as key drivers.
“Increased preference for gold and silver over the US dollar by institutional investors and central banks is supporting precious metals,” said Ashish Ranawade, Head of Products, Emkay Wealth Management. “Silver is technically near breakout levels.”
Gold has delivered year-to-date returns of 61.82%, outperforming equities and bonds, while movements in the US dollar and anticipated rate cuts in the US remain important for price trends.
Investing amid global and domestic dynamics
India’s equity markets are valued on the higher side, yet domestic investors continue