Robert Kyosaki, the famous writer and investment advisor of ‘Rich Dad Poor Dad’, has advised investors to buy silver. He says that silver prices are going to rise fast in July. Posting on social media, he wrote that ‘time is time to earn the right profit when you buy, not when you sell.’ Kiyosaki has described Silver as ‘today’s best asmatic bye’, that is, an investment in which the loss is less and the profit is more likely. He said, ‘Today everyone can buy silver, but tomorrow this opportunity may not remain.’

Markets are still declining, both gold and silver slipped

Although Kyosaki is quite optimistic about the future of Silver, but at the moment its effect in the market is looking reverse. The ceasefire between Israel and Iran has reduced geopolitical tension, causing a decline in gold and silver prices.

Silver (July delivery) on MCX, the price of the previous day is Rs 1,06,755 per kg. The new price is Rs 1,06,629 per kg. The lowest level of the day is Rs 1,06,109 per kg.

The open price for gold (August delivery) on MCX is Rs 96,261 per 10 grams. The minimum level of the day is Rs 95,954 per 10 grams. By 11:25 am, the price is Rs 96,100, ie a decline of Rs 987. Both the prices mentioned here are from the previous day.

Global market also showed the effect

There is also an atmosphere of decline in the international bullion market. Spot gold fell 0.4 per cent to $ 3,313.23 an ounce. At the same time, US gold futures fell 0.7 percent to $ 3,325.70 an ounce. Talking about spot silver, it remained stable at $ 36.63 an ounce.

decide thoughtfully before investing

Even though Robert is excited about Kyosaki Silver, the current market situation is not fully seen in support of his claim. It is necessary for investors to take steps only by looking at the market trends, support-resistance levels and their financial position instead of taking a hasty decision. Because investment made at the right time gives real profits.

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