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 Silver price at lifetime high. Will the rally continue?
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Silver prices in the domestic market are at lifetime highs amid multiple catalysts like safe-haven demand due to escalating geopolitical tensions, hopes of US interest rate cuts, speculative buying, and a sharp rally in industrial metals. In the key MCX futures platform, prices reached an all-time high of Rs 84,515/kg last week, gaining about 12% in the last two weeks. The ongoing momentum-driven buying is likely to extend in the immediate run, driven by a robust rally in gold. Expectations of interest rate cuts, escalating geopolitical tensions, and enduring inflation concerns could help prices stay firm. However, it is less unlikely to register fresh lifetime highs in its key international market.

#SilverPrice #Rally #Gold #McxFutures #InterestRateCuts #GeopoliticalTensions #Inflation

https://m.economictimes.com/markets/commodities/news/silver-price-at-lifetime-high-will-the-rally-continue/articleshow/109284594.cms