Strong Global Rally Makes This a Strategic Time to Invest in Gold and Silver
With precious metal prices surging in the international market, financial analysts suggest that this period presents a favourable window for investing in gold and silver. Silver, in particular, has emerged as the standout performer, currently trading at 57 USD per ounce, marking a sharp rise in global demand.
Compared to the same period last year, silver prices have jumped by 98.5%, while gold has recorded a 61% increase. This surge has rewarded early-year investors with strong returns, and experts believe new investors still have an opportunity to benefit.
Market watchers indicate that if the US Federal Reserve announces an interest rate cut this month, gold and silver prices may climb even further. For long-term wealth building, investing through gold and silver ETFs via SIP mode is recommended.
Those seeking short-term gains may consider trading, though it requires careful monitoring and experience due to market volatility.
As international trends continue to support upward momentum, precious metals remain a strong option for both new and seasoned investors.
