Silver may fall further before finding a bottom, says Anmol Silver CEO
Reported by CNBC-TV18 Markets, not nibnow. We are not the publisher of this story, only the source is.
If silver prices keep dropping, investors and consumers looking to buy physical silver could see lower costs, but also face potential losses if prices fall further before stabilizing.
Anmol Silver CEO Kishore Roonwal believes silver prices may decline further before finding a bottom, citing higher US interest rates and geopolitical tensions. However, he expects festive and wedding season demand to strengthen as lower prices attract investors and consumers to physical silver purchases.
Silver is a precious metal used for investment, jewelry, and industrial purposes; its price is sensitive to interest rates and geopolitical factors, and seasonal demand spikes during festivals and weddings in many markets.
- •Changes in US interest rates that could influence metal prices
- •Seasonal buying patterns during the upcoming festive and wedding season
- •Subsequent movements in silver spot and futures prices