Quote on Silver by Jateen Trivedi, VP Research Analyst - Commodity and Currency, LKP Securities

2024-09-25 04:44:18 pm | Source: LKP securities Ltd

Quote on Silver by Jateen Trivedi, VP Research Analyst - Commodity and Currency, LKP Securities

News By Tags | #ExpertViews #Commodity #Silver #LKPSecuritiesLtd #JateenTrivedi

Below the Quote on Silver By Jateen Trivedi, VP Research Analyst - Commodity and Currency, LKP Securities

"Silver prices surged past Rs.90,000 in the physical market, reaching Rs.90,324, as per IBJA rates, with Comex Silver surpassing $32, following a sharp rally of 4.25%. In MCX, Silver prices rose by 3.45% yesterday, taking prices above Rs.92,000. This bullish movement comes amid strong expectations for further U.S. interest rate cuts and China unveiling aggressive stimulus measures. China's central bank announced its most substantial stimulus since the pandemic, while Fed's Desk hinted at many more rate cuts over the next year. Traders now see a many more instance of another 50 bps cut by the Federal Reserve in November, further boosting precious metal prices."

Above views are of the author and not of the website kindly read disclaimer

Disclaimer: The content of this article is for informational purposes only and should not be considered financial or investment advice. Investments in financial markets are subject to market risks, and past performance is not indicative of future results. Readers are strongly advised to consult a licensed financial expert or advisor for tailored advice before making any investment decisions. The data and information presented in this article may not be accurate, comprehensive, or up-to-date. Readers should not rely solely on the content of this article for any current or future financial references. To Read Complete Disclaimer Click Here

IGI Logo

Quote on Silver by Jateen Trivedi, VP Research Analyst - Commodity and Currency, LKP Securities

Top News

Tag News

More News