Here is an extensive daily list to give you the most recent information on silver prices in India's key cities
Click to view the details of the silver rate on 26th June 2024
Silver COMEX reported a last trade price of $28.735, experiencing a decrease of $0.195, or 0.67%. The trading session saw a high of $28.800 and a low of $28.665, with the opening price at $28.770. As a vital market for silver futures, COMEX influences global silver prices, reflecting broader economic conditions and investor sentiment.
Nifty started the trading session flat but gained momentum to close 0.62% higher at 23,869. This marks the third consecutive session of gains, continuing the index's positive trend. Despite the overbought condition of hourly indicators, maintaining a positive bias is suggested, with caution advised due to the monthly F&O expiry session. Resistance is seen around 24,000-24,100, with support at 23,650 and a strong bullish gap at 23,550. Heavyweight stocks, particularly Reliance, have driven the market's rise, while midcaps remain subdued. Traders should be agile, focusing on sector rotations to capitalize on market opportunities, says Sameet Chavan, Head Research, Technical and Derivative - Angel One
Silver prices fluctuate daily due to various short- and long-term factors, including changes in supply and demand, economic indicators, geopolitical events, currency movements, and investor sentiment. Given the dynamic nature of the precious metals market, it is crucial for investors and traders to monitor and analyze pricing data effectively to make informed decisions.
These data points provide valuable insights into market trends and the factors influencing price movements, aiding investors in navigating the silver market effectively. However, investors are encouraged to conduct their own due diligence before making any investment decisions.
Throughout the day, investors should remain vigilant and closely monitor silver rates for emerging trends or market developments. Staying informed about daily price fluctuations can help identify potential trading opportunities and support well-informed investment decisions.
For daily updates and in-depth analysis of silver rates, continue to follow our coverage on Business Insider India.
Disclaimer: The content on this website is for informational purposes only and should not be construed as investment advice. Rates are subject to change from time to time and across multiple geographical locations. We recommend readers consult certified, qualified and registered advisors for professional and personalised financial advice.