Written By

Ankur Gupta

Will silver outshine gold in 2024?

Ankur Gupta

Feb 08,2024

Can silver deliver a better return than gold in 2024, after the yellow metal showered investors with a 13% return the previous year while the white metal remained flat?

The Silver Institute predicts a potential rise in silver in 2024, surpassing gold.

What The Silver Institute says

However, many analysts caution that while silver may see short-term gains, it may not be as stable as gold during the course of the year.

Kunal Shah of Nirmal Bang predicts a strong gain in silver rates after March and April, but cautions investors against possible short-term fluctuations.

Bhargava Vaidya of BN Vaidya & Associates warns investors that price moves in the white metal can be more unpredictable compared to gold.

Silver exporter Sanjay Agarwal believes a short-term upmove in solver can be followed by potential stabilization, triggered by variations in consumer demand.

How to trade silver in 2024

Ajay Kedia of Kedia Advisory recommends an intraday call-selling strategy in silver for a target of Rs 68,800 with a stop loss at Rs 70,800.

Sanjay Agarwal anticipates a modest increase in silver rates to Rs 71,000-72,000 levels during the year.

Where can you expect silver prices in 2024?