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Time of India
10-06-2025
- Business
- Time of India
Gold vs Silver: Why silver may outperform gold soon; precious metal prices surge, record-breaking rally likely
Silver shows signs of a technical breakthrough, experts say. (AI image) Gold vs silver: Silver prices have reached a significant milestone, surpassing $36 per ounce in international markets, marking their highest level in 13 years during the previous week. Market analysts anticipate the precious metal to align with gold's performance, supported by favourable technical indicators and increased demand driven by a weakening dollar. 2025 has seen international gold prices rising by 43.7%, driven by increased demand for secure investments amidst Donald Trump's tariff policies and global political tensions. Silver has increased by 22.3%. In contrast, the Nifty 50 has risen by 5.7%, whilst Nifty Midcap 150 has grown by 3.6%, and the Smallcap 250 index has decreased by 1.3%. Historical data from Samco Securities quoted in an ET report shows silver's characteristic rapid price movements. Since 2005, in 17 instances of reaching new highs, the metal has delivered average returns of 5.2%, 13.3%, and 26.1% over three-month, six-month, and one-year periods, respectively. Silver Prices Historically Silver shows signs of a technical breakthrough, experts say. Apurva Sheth of Samco Securities notes the presence of a distinctive 'Cup and Handle' pattern visible on both weekly and yearly charts. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Seniors Born 1939-1969 Receive 11 Benefits This Month If They Ask Super Saving Online Undo "This technical formation is often a precursor to explosive breakouts. What makes this instance remarkable is its repetition across timeframes, hinting at deep market structure alignment," said Sheth. On Monday, silver traded at $36.3 per ounce, showing a 0.9% increase in international markets. The metal was valued at ₹1,05,520 per kilogram on MCX in India. "With gold likely to consolidate after a strong run, silver has the potential to outperform," said Ritesh Jain, founder, Pinetree Macro. "If silver holds above $36, it could retest the $50 highs seen during the Hunt Brothers era by the end of this year." Also Read | Gold price rise impact: Value of RBI's gold surges 57% to Rs 4.32 lakh crore Trading opportunities in silver are available through various instruments including Silver Exchange-traded Funds, Silver Fund of Funds, or Silver futures trading on MCX. According to Ramesh Varakhedkar of ICICI Securities, several factors support the anticipated silver rally, including a weakening US dollar, improving US-China trade relations, and the European Central Bank's seventh successive rate reduction. Varakhedkar emphasises silver's importance as both a financial instrument and industrial commodity in the current market scenario. The gold to silver ratio, indicating the number of silver ounces needed to purchase one ounce of gold, reached 91.3 on Monday, marking its lowest point since April 2, noted Varakhedkar. This metric suggests silver presents better value currently. The ratio had previously peaked at 126.55 in March 2020, after which silver prices doubled by August. "In the short-term, silver could rise further to around $37.2, and on the MCX, Silver July contract, short-term price range is expected between ₹102,400 and ₹108,200 per kilogram, provided it maintains above ₹102,400 (currently at ₹1,05,520)," said Varakhedkar. Also Read | Gold vs Nifty 50: Yellow metal emerges as best performing asset in FY25, but Indian equities outperform in long-term Stay informed with the latest business news, updates on bank holidays and public holidays . AI Masterclass for Students. Upskill Young Ones Today!– Join Now
Economic Times
10-06-2025
- Business
- Economic Times
Silver prices surge as market anticipates record-breaking rally
The ratio had made an all-time high of 126.55 in March 2020, from where silver prices had doubled by August. Silver is poised for a potential record-breaking surge, surpassing $36 per ounce for the first time in 13 years, driven by technical strength and a weakening dollar. Analysts anticipate silver outperforming gold, potentially reaching $50 by year-end. Favorable technical patterns and expectations of easing trade tensions further fuel the bullish outlook for the white metal. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads Mumbai: Silver may be on the cusp of a record-breaking rally after having topped the $36 per ounce mark in international markets for the first time in 13 years late last week. With technical charts pointing to continued strength and a weaker dollar boosting demand for hard assets, analysts expect the white metal to play catch-up rally with gold prices were trading at $36.3 per ounce on Monday, up 0.9% on the international market. In India, it was trading at ₹1,05,520 per kilogram on MCX."With gold likely to consolidate after a strong run, silver has the potential to outperform," said Ritesh Jain, founder, Pinetree Macro. "If silver holds above $36, it could retest the $50 highs seen during the Hunt Brothers era by the end of this year."In 2025, international gold prices have gone up 43.7%, fuelled by growing demand for safe-haven assets in the wake of Donald Trump's tariff actions and geopolitical uncertainties. Silver has rallied 22.3%. In comparision, the equity benchmark Nifty 50 has gone up 5.7%, Nifty Midcap 150 has advanced 3.6% and Smallcap 250 index has declined 1.3%.Silver is known for its short and swift run-ups. In 17 instances since 2005 when it has made a fresh high, the average three-month, six-month and one-year returns thereafter have been 5.2%, 13.3% and 26.1%, respectively, according to Samco the technical charts, silver is pointing to a breakout. Apurva Sheth, head of research at Samco Securities, said a rare 'Cup and Handle' pattern is forming not just on the weekly chart, but also on the multi-decade (yearly) chart."This technical formation is often a precursor to explosive breakouts. What makes this instance remarkable is its repetition across timeframes, hinting at deep market structure alignment," said and traders could bet on the white metal by buying Silver Exchange-traded Funds, Silver Fund of Funds, or by trading in Silver futures on of a sharp rally in silver have been driven by factors such as softening US dollar, renewed hopes of easing trade tensions between the US and Chinese presidents, and the European Central Bank's seventh consecutive rate cut, said Ramesh Varakhedkar, head commodities at ICICI said silver's dual role as both a financial asset and an industrial input makes its current rally particularly the gold to silver ratio - a measure of how many ounces of silver it takes to buy one ounce of gold - stood at 91.3 on Monday, the lowest since April 2, said Varakhedkar. The gauge, which compares the prices of gold and silver, is signalling that silver offers better value at the juncture. The ratio had made an all-time high of 126.55 in March 2020, from where silver prices had doubled by August."In the short-term, silver could rise further to around $37.2, and on the MCX, Silver July contract, short-term price range is expected between ₹102,400 and ₹108,200 per kilogram, provided it maintains above ₹102,400 (currently at ₹1,05,520)," said Varakhedkar.
Time of India
10-06-2025
- Business
- Time of India
Silver prices surge as market anticipates record-breaking rally
The ratio had made an all-time high of 126.55 in March 2020, from where silver prices had doubled by August. Silver is poised for a potential record-breaking surge, surpassing $36 per ounce for the first time in 13 years, driven by technical strength and a weakening dollar. Analysts anticipate silver outperforming gold, potentially reaching $50 by year-end. Favorable technical patterns and expectations of easing trade tensions further fuel the bullish outlook for the white metal. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads Mumbai: Silver may be on the cusp of a record-breaking rally after having topped the $36 per ounce mark in international markets for the first time in 13 years late last week. With technical charts pointing to continued strength and a weaker dollar boosting demand for hard assets, analysts expect the white metal to play catch-up rally with gold prices were trading at $36.3 per ounce on Monday, up 0.9% on the international market. In India, it was trading at ₹1,05,520 per kilogram on MCX."With gold likely to consolidate after a strong run, silver has the potential to outperform," said Ritesh Jain, founder, Pinetree Macro. "If silver holds above $36, it could retest the $50 highs seen during the Hunt Brothers era by the end of this year."In 2025, international gold prices have gone up 43.7%, fuelled by growing demand for safe-haven assets in the wake of Donald Trump's tariff actions and geopolitical uncertainties. Silver has rallied 22.3%. In comparision, the equity benchmark Nifty 50 has gone up 5.7%, Nifty Midcap 150 has advanced 3.6% and Smallcap 250 index has declined 1.3%.Silver is known for its short and swift run-ups. In 17 instances since 2005 when it has made a fresh high, the average three-month, six-month and one-year returns thereafter have been 5.2%, 13.3% and 26.1%, respectively, according to Samco the technical charts, silver is pointing to a breakout. Apurva Sheth, head of research at Samco Securities, said a rare 'Cup and Handle' pattern is forming not just on the weekly chart, but also on the multi-decade (yearly) chart."This technical formation is often a precursor to explosive breakouts. What makes this instance remarkable is its repetition across timeframes, hinting at deep market structure alignment," said and traders could bet on the white metal by buying Silver Exchange-traded Funds, Silver Fund of Funds, or by trading in Silver futures on of a sharp rally in silver have been driven by factors such as softening US dollar, renewed hopes of easing trade tensions between the US and Chinese presidents, and the European Central Bank's seventh consecutive rate cut, said Ramesh Varakhedkar, head commodities at ICICI said silver's dual role as both a financial asset and an industrial input makes its current rally particularly the gold to silver ratio - a measure of how many ounces of silver it takes to buy one ounce of gold - stood at 91.3 on Monday, the lowest since April 2, said Varakhedkar. The gauge, which compares the prices of gold and silver, is signalling that silver offers better value at the juncture. The ratio had made an all-time high of 126.55 in March 2020, from where silver prices had doubled by August."In the short-term, silver could rise further to around $37.2, and on the MCX, Silver July contract, short-term price range is expected between ₹102,400 and ₹108,200 per kilogram, provided it maintains above ₹102,400 (currently at ₹1,05,520)," said Varakhedkar.
