Gold and Silver Prices Rise Again; Expert Shares Investment Advice
Gold and silver prices have begun climbing once more in the international market, drawing strong interest from investors. Silver, in particular, has seen a sharp surge, with prices returning to the “back to the farm” mode. One ounce of silver is now trading at $53, marking a significant jump. Gold, too, continues to trade firmly at elevated levels.
SIP for Long-Term Investors
Market analysts suggest that those looking for long-term gains in gold and silver should consider systematic investment options. Investing a fixed amount every month through SIP, Gold ETF, or Silver ETF can help reduce risk and provide stable returns over time.
Trading for Short-Term Gains
For investors aiming to benefit from short-term price movements, trading is considered the better option. Experts note that this applies not only to gold and silver but to all commodities. They caution against investing in mutual funds or ETFs solely based on short-term price spikes.
Gold vs. Silver: Which Is Better?
While gold is mostly valued for its price and ornamental use, silver has the added advantage of industrial demand, which is expected to remain strong in the coming years. This makes silver a potentially more attractive option for long-term investors.
Stock market expert Reggie Thomas addressed the growing question from investors: “Should I invest before prices rise further?” According to him, the decision should be based on investment goals - long-term savers may choose SIP or ETFs, whereas short-term profit seekers may prefer trading.
