Commodities & currencyNDTV Profit
Silver Slumps 60% From January Peak
Neutral0
GreyOak summary
Silver prices have corrected sharply from their January highs, with MCX futures dropping nearly 54% to Rs 1,76,543 per kg. BMO Capital Markets forecasts a record surplus by 2030, driven by solar manufacturers reducing silver usage in photovoltaic cells. Despite a projected 2026 supply deficit, the bank warns that weakening investment demand could further pressure prices.
What it affects
- SilverNeutral 0
Silver prices fell sharply from January peaks.Rolling sentiment Neutral 0
