Trading in silver has become volatile, with its prices swinging between $46 and $54 an ounce over the past month. The volatility, more than gold, is due to its dual use, including as an industrial metal an, say experts in the precious metal sector.

“Silver has become more volatile than gold because it occupies a position between being a haven for investment and industrial demand. Therefore, it reacts more dramatically to the release of (US) economic data, said Prithviraj Kothari, Managing Director at RiddiSiddhi Bullions Ltd and President of India Bullion and Jewellers Association Ltd.

“After reaching crucial resistance of over $54, the market experienced selling pressure. Silver started a wild rollercoaster ride. It has recovered all of its losses from last month’s sharp selloff, whic

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