Why silver could be a better investment than gold

By: Rahul Oberoi | New Delhi

It is the time to invest in silver! Experts believe that the white metal will be favoured more over gold during the upcoming festive season. Silver prices retreated 12.83 per cent to Rs 33,995 per kg on September 15 from Rs 39,000 per kg on May 15. According to market experts, silver prices declined following a correction in gold and base metals due to the Chinese-led slowdown.

It is the time to invest in silver! Experts believe that the white metal will be favoured more over gold during the upcoming festive season.

Silver prices retreated 12.83 per cent to Rs 33,995 per kg on September 15 from Rs 39,000 per kg on May 15. According to market experts, silver prices declined following a correction in gold and base metals due to the Chinese-led slowdown.

Silver at current prices in the Indian markets looks at a very good level when compared to the highs of around Rs 70,000 per kg in the year 2011. “Silver demand will be good in the upcoming festive season when compared to gold. The fall in silver prices is drastic when compared to gold, hence it would be a bargain hunt for investors at these levels. Festive demand will see silver being more favoured over gold, as gold prices are now dependent on complex set of factors ranging from rate hike in the US, weak investment and physical demand from India and China the two biggest consumers of the yellow metal,” Prathamesh Mallya, senior research analyst, non-agri commodities, Angel Commodities Broking, said.