New Delhi, Nov 18
Silver prices will rebound to $52–$53 an ounce and then potentially advance to $58 and $62, with strong near‑term support at $47.60, a report said on Tuesday, giving investors price target levels for the next 12 months.
Silver exchange-traded funds (ETFs) and silver fund‑of‑funds (FoF) outperformed physical silver over the past 3 years due to robust fund management, efficient tracking, and growing investor confidence, the report from Emkay Wealth Management said.
Recent purchases by Saudi Arabia’s central bank have highlighted further central banks' interest in silver, amplifying the demand shock