By Admin 
Silver Price Predictions: In recent days, after touching record highs, there was a sharp decline in silver prices, but on February 18 (Wednesday) once again a strong rise was seen. On Multi Commodity Exchange of India (MCX), silver rose by Rs 8,316 or 3.63 percent to reach Rs 2,37,099 per kg. After this rise, questions are being raised in the market whether this is a permanent trend or just a short-term recovery.
Why the sharp rise in silver?
This surge in silver has come at a time when there was some softening in the demand for metals considered safe investments recently. Partial easing of global geopolitical tensions, especially signs of progress on nuclear issues in talks between the US and Iran in Geneva, have influenced market sentiment. Despite this, global uncertainty has not completely ended, due to which the prices of precious metals remain at high levels.
Demand for gold ETFs remains strong in China and India and India has also registered an increase in gold imports in January. Gold also jumped by Rs 1,848 (about 1.22 percent) on MCX to reach Rs 1,53,266 per 10 grams.
Analysts believe that for now investors should adopt a balanced strategy. There may be fluctuations in prices in the short term. How long the recovery after the recent fall in gold and silver will last will largely depend on global economic signals, movement of the dollar, interest rates and geopolitical developments in the coming weeks. Overall, silver has definitely returned to bullishness, but caution and long-term strategy will be important for investors.
What do experts say?
Experts believe that if global geopolitical tensions reduce, speculative demand for safe haven metals like gold and silver may reduce, which may put pressure on prices. However, they also say that physical demand such as buying of bar coins for jewellery, industrial use (especially in silver) and investment will continue to provide a strong base to prices.
In large consumer markets such as India and China, physical purchases often increase during downturns due to festivals, wedding seasons and investment demand, which prevents prices from falling too far. That is, even if there may be volatility due to international developments in the short term, strong physical demand may provide a support zone to gold and silver prices. For investors, this means that even in a downturn, it may be too early to assume a complete recession.
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