The boom in the silver has surprised investors. Experts say that this may continue in silver. Now even the famous investor gym Rogers has also told Silver as his first choice. He said that if he has to invest today, he would like to invest in silver. For some time, both gold and silver have seen a bounce. This has increased the interest of investors in the bullion. Investors have also increased interest in gold and silver ETFs.
Gold and silver boom
Rogers, who has a decades of investment experience of investment, said that people around the world have increased interest in gold, silver and copper. He said that he has gold and silver. However, the way their prices have climbed, they would not like to invest at current prices. But, if their prices fall, they would like to invest in them. Central banks of many countries of the world are also increasing investment in gold, giving support to its prices.
Stock markets also rapid trend
He said that the reason for buying silver is that its prices have not yet reached all time high. On the other hand, gold prices have reached all time high. He said that there is still a situation when most assets have a rise in prices. Stock markets of most countries of the world have a boom. Major indexes of American stock markets are at record high. American markets have been seeing a boom since 2009.
Silver futures in India at record high
Silver futures in India reached all-time high on 29 September. Experts say that there are many reasons for the rise in silver. Investors have increased interest in bullion due to geopolitical tension. Here, weakness in the rupee against the dollar is supporting the prices of imported commodities like gold and silver. One special thing with silver is that it is being used in many industries. Its supply is lower than demand, which leads to its prices.