Quote on Silver Outlook : Silver prices are usually extremely volatile in nature Says Hareesh V, Geojit Financial Services
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Quote on Silver Outlook from Hareesh V, Head of Commodities at Geojit Financial Services.
Silver returned to the spotlight recently, surging prices near one year high on demand optimism coupled with a weak US currency. In the overseas market, prices gained more than 25 percent in the last one-month period while the domestic futures prices rallied more than 20 percent in the same period.
There are hopes that the industrial demand would grow on hopes of China’s growth outlook and forecast of accommodative policy decisions of the US Federal Reserve. A correction in the US dollar and a spike in gold prices may also attract more safe haven buying in the commodity.
At the same time, as silver prices are usually extremely volatile in nature, fresh investment in the commodity can be considered only in further corrections. Taking big bets on long positions at these levels seems risky.
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