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Silver tops $83 before pullback: How investors are riding the rally and how you can buy the dip
The Economic Times· 2025-12-29 10:03
Silver prices witnessed a sharp intraday reversal from $82.5 (~Rs 2,54,000) to $75 (~Rs 2,38,000), largely due to profit-booking after an extended rally and a cooling of safe-haven demand.‘Optimism around potential progress in Russia–Ukraine peace talks reduced geopolitical risk premiums, triggering short-term liquidation. Elevated price levels also prompted speculative traders to pare long positions, especially after silver’s steep 180% year-to-date gains, noted Renisha Chainani, Head of Research, at Augm ...