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 20th June
The silver COMEX price currently stands at $30.655 per ounce, experiencing a decline of $0.166 or 0.54% from the previous trading session. Throughout the day, the price peaked at $30.905 and hit a low of $30.515, with an opening price of $30.815. This indicates a slight downturn in the silver market on the COMEX exchange. Such fluctuations in silver prices are closely monitored by traders and investors for making informed decisions in the commodities
The Nifty’s weekly settlement started cautiously due to a lack of major global triggers but gained bullish momentum, closing at 23,567, up 0.22%. The broader market maintained a bullish stance with positive advance-decline ratios. Despite muted price action and a narrow-bodied candlestick on the daily chart, Nifty is expected to consolidate until decisive triggers emerge. Strong support is seen at 23,450-23,400 and 23,300-23,200, while 23,650-23,700 remains challenging for the Bulls. Diverse sector participation is driving positive sentiment, emphasizing a stock-centric approach. Monitoring global indices is crucial as they will likely influence the initial market tone, 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 driving price movements, aiding investors in navigating the silver market. However, investors should conduct their own research before making any investment decisions.
As the trading day progresses, it is essential for investors to stay vigilant and closely monitor silver rates for emerging trends or market developments. Staying informed about daily price fluctuations allows investors to spot potential trading opportunities and make well-considered investment choices.
For daily updates and in-depth analysis of silver rates, continue following 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.