InvestorQ : What explains the sharp rally in silver prices? Can we buy silver instead of gold?
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What explains the sharp rally in silver prices? Can we buy silver instead of gold?

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12 months ago
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Silver has been in the midst of a rally. Silver prices rose to Rs.48,541 per kg as traders increased long positions. Silver benefitted from firmness in the gold price. In the current series on MCX, Silver has touched a low of Rs.34,076 and a high of Rs.48,999. The current (gold/silver ratio) at 101.95, indicates more upsides more upsides for silver. However, silver being an industrial metal cannot be seen as an alternative for gold.

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