What makes silver commodity a wise investment?
Silver is a very versatile metal. It has extensive industrial application and is used to make Jewellery and utensils.
Silver demand is on a rise in India and China.
Industrial usage is expected to rise with growing industrialization.
Higher gold price has also shifted some people towards silver.
Investment interest has increased in silver also with introduction of more products.
Why is silver trading in India recommended?
India is primarily a silver-importing country, contributing very little in terms of global production. Yet, the metal is considered a symbol of auspiciousness and forms an integral part of Indian customs and traditions.
Silver is less expensive than gold and aptly known as poor man’s gold. With increasing gold price, demand has shifted to silver.
India’s silver demand is largely for silverware and Jewellery. However with increasing economic growth, industrial usage will rise further.
Silver is a metal with wide usage and benefits from its dual use of being an industrial metal and a precious metal.
Silver price in India has risen sharply over past few years and has a positive correlation with gold which is in a bull run for over a decade. Silver is a wise investment due to dual facets.
All these factors have contributed to increased silver trading in India, making it the perfect time for the wise investor to make a move.