Silver Explodes! This Precious Metal Beats Gold This Year
Indian investors, traditionally obsessed with hoarding gold, are increasingly turning to silver, which traded near a 14-year high on Monday, as its yield this year surpassed that of gold.
Imports meet the bulk of demand in the world's largest silver consumer, where domestic prices hit record highs as production shortages fuel investor hopes for a further rally.
Recommendation:
Buy if the price breaks above $38,567
Sell if the price breaks below $37,967
Resistance 2: $39,167
Resistance 1: $38,867
Support 1: $37,667
Support 2: $37,367
Note: This article is intended for analysis and is not intended as a definitive reference. Always pay attention to fundamental and technical developments before making investment decisions.
Source: Newsmaker.id