The luster of silver will increase in comparison to gold in the current year

- Rs. 2,500 and Rs. The target is set at 6,000 to 7,000

In the calendar year 2021, the volatility in gold is no less than a roller coaster. Gold saw some profit booking earlier this year after seeing a good rally last year. Uncertainty over the US presidential election, the launch of a vaccine program in various countries, and volatility in the dollar have seen gold rebound. Sales in ETFs and shifting of CFTC positions had an impact on the overall market sentiment. However, with all the uncertainties, gold has been supported by strong fundamentals which have led to high bullish expectations.

Silver, on the other hand, has seen an increase in investment and industrial demand. Silver has benefited from liberal monetary policy around the world and has also been affected by the rally in industrial metals. Precious metals play an important role in environmentally friendly technologies. US President Biden is increasingly interested in increasing the use of green technologies such as solar panels, electric vehicles, 3G technology, etc.

President Biden's Infra bill has raised hopes for the pace of economic growth in the United States. This infra bill focuses on the development of transport, housing infrastructure and other sectors that will increase the demand for industrial metals. Demand for industrial metals will also increase with the rise in infrastructure costs and this has led to the recent rally in copper, nickel and other base metals. Being a silver hybrid metal, the increase in base metals also leads to an increase in silver. Market players are expecting more stimuli from the government. Government stimuli will see an expansion in the infrastructure sector and in the green economy. Also Motilal Oswal Fi. Navneet Damani of the service said.

After looking at the above fundamentals, if we look at the movement of gold and silver, silver showed a level of ૨૮ 6 in 2021 and has provided a return of ૬ 3 in the last one year. In the last calendar year, silver had returned 3 per cent. On the other hand, if we look at gold, gold hit a high of ૮૯૯ 15 in May and gained ૨ 150 this month. Over the past year it has been preparing to move towards a breakaway in return. Last year, gold gained about 50 per cent.

ETF holdings that do not directly affect the price but have a definite effect on the market mood. ETF inflows were significant in both the precious metals in 2020, but also saw an outflow as prices rose. Gold SPDR holdings have seen an outflow of 10 per cent in the last 12 months, while silver has seen an outflow of only two per cent. There are a number of reasons that compel these precious metals to remain strong but will also see some correction. Rising inflationary pressures, rising debt, looser monetary policy of central banks, stimulus package, geopolitical uncertainty and other factors have kept metal prices consistently high. As silver is benefiting from both base metals and precious metals, silver is expected to outperform gold in 2021 and will continue to do so.

Silver figures look better than gold, though the bullish sentiment for both metals will remain. Gold is targeted at ટૂ 5,050 in the short to medium term, followed by ડો 500. Speaking of the backyard, after the immediate target of Rs. 50,000 / -, a target of Rs. 200 / - and above can be set in 15 to 18 months. In silver, Rs. 2000 and thereafter Rs. The target is 2000. Which is 3% higher than the current price. In the lower silver, Rs. Support is being seen at 2000.