Here is an extensive daily list to give you the most recent information on silver prices in India's key cities
Click to view the details of the silver rate on 25th June 2024
The silver COMEX trading data shows a modest increase. The last trade price was $28.970, reflecting a gain of $0.102, or 0.35%. The day's trading range saw a high of $29.000 and a low of $28.700, with the market opening at $28.965. This indicates a positive trend for silver, as the price has edged up slightly, maintaining investor interest and reflecting market stability.
Nifty opened with a slight positive gap, starting the day on an upbeat note. Prices initially moved within a narrow range, but strong performance in the banking sector led to significant gains in the second half, pushing Nifty above 23,700 and closing with a 0.78% gain. This renewed momentum, driven by strategic buying in key heavyweights, particularly banks, suggests further upward movement is likely. The next targets are 23,900 and the psychological level of 24,000. Immediate support is at 23,650, with strong support around 23,550. Sector rotation is expected to continue, especially ahead of the monthly expiry and upcoming budget, says Sameet Chavan, Head Research, Technical and Derivative - Angel One
Silver prices fluctuate daily due to various short- and long-term factors, including changes in supply and demand, economic indicators, geopolitical events, currency movements, and investor sentiment. Given the dynamic nature of the precious metals market, it is crucial for investors and traders to monitor and analyze pricing data effectively to make informed decisions.
These data points provide valuable insights into market trends and the factors influencing price movements, aiding investors in navigating the silver market effectively. However, investors are encouraged to conduct their own due diligence before making any investment decisions.
Throughout the day, investors should remain vigilant and closely monitor silver rates for emerging trends or market developments. Staying informed about daily price fluctuations can help identify potential trading opportunities and support well-informed investment decisions.
For daily updates and in-depth analysis of silver rates, continue to follow our coverage on Business Insider India.
Disclaimer: The content on this website is for informational purposes only and should not be construed as investment advice. Rates are subject to change from time to time and across multiple geographical locations. We recommend readers consult certified, qualified and registered advisors for professional and personalised financial advice.