By Admin 
Silver Price Predictions: After running away at the speed of rocket, now a big fall is being seen in the prices of silver, due to which the concern of investors has increased. On Multi Commodity Exchange of India i.e. MCX, silver has slipped to the level of around Rs 2.5 lakh per kg. Earlier, silver had touched a historic high of Rs 4.20 lakh per kg. Since that record high, prices have continued to fall due to continuous profit-booking and global pressure. At present it is trading in the range of Rs 2.30 lakh to Rs 2.70 lakh per kg.
Why are investors worried?
The biggest question in the minds of investors is whether silver prices will fall further or whether it can rise again. There are many big reasons behind the recent decline – America’s strong economic data. Strong economic signals from America have reduced the possibility that interest rates will be cut there soon. When expectations of rate cuts decrease, the dollar strengthens.
Due to the strengthening of the dollar, silver becomes expensive in the international market because its price is fixed in dollars. This affects global demand and puts pressure on prices. Tremendous profit booking: After touching the record high, big investors and traders started booking profits. When there is selling on a large scale, a sharp fall in prices is seen.
In the international market, Comex Silver (COMEX) fell sharply after reaching a record level of $121. This had a direct impact on the sentiment of the Indian market.
What could happen next?
Market experts believe that silver may remain under pressure in the short term, because the dollar is strong and global uncertainties remain. In the long term, industrial demand for silver (especially in solar and electronics sectors) is expected to remain strong, which may support prices.
However, the recent decline has been faster than average, which indicates that the market is currently going through an unstable period. This may be the time for investors to be cautious and move forward with a long-term strategy.
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