Silver prices prediction 2023: Silver prices have been rising in this year and some analysts expect them to continue rallying in the 1-2 year horizon. How does silver fare as an investment bet? With rising silver prices, is it a good time to put money into the precious metal? What category of investors is it best suited for? Let’s find out.
In this week’s episode of TOI Wallet Talks, Naveen Mathur, Director - Commodities & Currencies at Anand Rathi Share and Stock Brokers Ltd talks in detail about silver as an asset class and his outlook for silver prices.
Mathur explains why in times of global economic turmoil, prices of gold and silver continue to rise.
Traditionally gold is the go to investment class for risk-averse investors. So how does silver compare? Is silver a better investment bet than gold? And with some steam still left in the rally for silver prices, is silver now the new gold? Watch the video above to see what Naveen Mathur has to say.
Silver prices 2023: Is silver a better investment than gold? Top questions answered
In the video above, Mathur also details the role that silver plays as an industrial metal, hence explaining its high demand. According to Mathur, industrial fabrication should reach an all-time high, boosted by continued gains in the P.V. market and healthy offtake from other industrial segments. Although bar & coin demand and jewelry fabrication are expected to fall short of last year’s exceptional levels, both are forecast to remain historically high, he says.
In the video above, Mathur talks about what percentage of your portfolio should be invested in bullion - that is gold, silver or a combination of the two.
While investment in silver is primarily done in the form of physical bars, coins & jewellery etc, gold offers a wider range of investment avenues. However, with the launch of several ETFs in India since last year, additional investment avenues have come up, notes Mathur.