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 for last Friday
Silver COMEX last traded at 29.615, showing a minimal increase of 0.001, or 0.00%. Throughout the session, the price reached a high of 29.720 and a low of 29.370, opening at 29.575. The market exhibited stability with negligible change, indicating cautious sentiment among traders. The narrow price range suggests limited volatility, reflecting a balance between buying and selling pressures. This performance highlights a steady phase for silver, with traders awaiting significant market triggers for direction.
The Indian equity market demonstrated robust performance throughout the week, with broad market participation creating a positive trading environment. The benchmark index saw minimal price activity but maintained its positive stance, culminating in a modest gain of 0.15 percent, reflecting market stability and confidence. Despite a truncated week, Indian equities impressed traders, reaching new highs within a narrow range of 270 points. Technically, small-bodied candle formations suggest bulls may need an external trigger to continue their momentum. The Nifty index faces significant resistance at 23,650-23,700, while strong support is observed around 23,400, with crucial support at 23,200-23,100 (20 DEMA), ensuring stability, 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.