Written By
Ankur Gupta
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.
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.
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.