Silver rebounded, doubling in 4 months

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- Silver can reach 70 thousand, silver-silver to investors in lockdown

Ahmedabad. 28 July 2020, Tuesday

Gold and silver prices have risen sharply amid the Corona epidemic and geopolitical tensions. The price of silver has doubled in the last four months.

Investors in silver have made huge profits. Silver prices on the MCX on March 18, 2020 were 33,580 which has risen to 67,560. Experts believe that the current price of silver could reach Rs 75,000 by Diwali.

Gold prices may still rise in the near future. The dollar has weakened due to ongoing tensions between the US and China. Apart from that, US bond yields are at a low point and this is the reason why the demand for bullion has increased.

The rally in gold and silver will continue and the price of gold could go up to Rs 53 spot. Whereas, silver can touch the level of 70 spot. In the international market, gold can reach the price of 2000 2000, while silver will remain bullish.

Silver-silver to investors in lockdown
 Investors in lockdown have made a lot of money by investing in bullion sitting at home. Indeed, the Corona epidemic and the Sino-US tensions have led to a sharp rise in silver prices. Investors have moved towards safer investments and have invested heavily. This is the reason why silver prices are rising rapidly.

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