Emkay Wealth Management has said the recent softening in silver prices is a short-term correction and expects the metal to recover to $52–53 an ounce in the near term. The firm projects further upside toward $58 and $62 an ounce, supported by strong technical levels at $48 an ounce, and additional support at $45.60 an ounce and $42 an ounce.

Silver is currently trading around $48.80 per ounce after a brief pullback driven by profit booking and the easing of US–China trade restrictions on critical minerals. Emkay notes that while an earlier Federal Reserve rate cut had lent support to precious metals, uncertainty over further policy easing has added to recent volatility.

Despite this, Emkay highlights that Silver Exchange Traded Funds (ETFs) and Silver Fund of Funds (FoFs) have continued

See Full Page