InvestorQ : How has the movement of silver been in recent times?
Swapnil Sarang made post

How has the movement of silver been in recent times?

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1 month ago
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The white metal is at the brink of rising again. In the recent past, silver broke a six years' long consolidation in July and moved to 7 years high (dollar term) on the back of rising cases of COVID-19. From the low of Rs33,600 in March, the MCX Silver moved to almost Rs78,000 in August, generating a staggering return for silver bulls.

However, it corrected by 28% in the next month as traders took profits and since then it has been consolidating within a narrow range. Moreover, the effective development of the COVID-19 vaccine in the last month has led to a near term weakness in the price. (Source-IIFL Securities)

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