Silver market news covering silver prices, industrial demand, silver investing, and precious metals market developments.
Silver December futures rose 1.1% to open at $66.17 per ounce on Thursday, following President Trump's assertion that U.S. airstrikes on Iran would be short-lived. Prices briefly touched $66.21 as markets reacted to the geopolitical developments.
Abhilash Koikkara argues that despite an intermediate bearish bias, gold and silver corrections present accumulation opportunities. He suggests buying on dips, identifying key support levels at Rs 148,000 for gold and Rs 225,000 for silver, while warning of further downside if these thresholds are breached.