Weekly performance and market trends
Silver saw a volatile trading week, reaching ₹1,05,100 per kg on March 20 before correcting midweek.
However, renewed buying interest pushed prices higher by Friday.
In the global market, silver traded nearly 1% higher at $35.42 per ounce in New York.
Silver remains one of the top-performing assets of FY25, delivering a 35.56% return, surpassing gold (+31.37%), Nifty (+5.29%), and Sensex (+4.96%).
Expert outlook: More upside ahead
Max Layton, Global Head of Commodities at Citi, expects silver to trade between $34-$35 per ounce over the next 3-6 months.
Augmont’s report highlights silver’s breakout past $35 per ounce (~₹1,01,000 per kg), with the next resistance target at $38 per ounce (~₹1,10,000 per kg).
How to invest in silver?
Motilal Oswal recommends a ‘buy on dips’ strategy for silver due to global economic uncertainty.
Gold and silver ETFs are popular investment options, offering exposure to metal prices without physical ownership.
These ETFs mirror the price movements of silver.
What’s next?
With geopolitical risks, trade tensions, and inflation concerns driving demand, analysts expect silver to stay bullish. Investors should monitor US Fed policies, currency movements, and industrial demand trends, which could influence silver’s trajectory in the coming months.
–With PTI inputs
(Edited by : Shoma Bhattacharjee)
First Published: Mar 28, 2025 5:40 PM IST
