Silver made a high of Inr 26300 and closed at Inr 24890 on Tuesday. This more than double of my expected target of Inr 23000 when I gave a call on silver on 14th January 2008. Silver has moved up by more than 20% form Inr 20500 to Inr 26300. This supports my view of a multi year rally in precious commodities and a gradual decline in Dollar. Just like gold Silver is also looking weak perhaps much weaker and will correct to 23000. Again I will advise investor to buy these commodities at dips with 3 to 5 years time horizon.Wednesday, March 5, 2008
Silver lining amidst falling markets
Silver made a high of Inr 26300 and closed at Inr 24890 on Tuesday. This more than double of my expected target of Inr 23000 when I gave a call on silver on 14th January 2008. Silver has moved up by more than 20% form Inr 20500 to Inr 26300. This supports my view of a multi year rally in precious commodities and a gradual decline in Dollar. Just like gold Silver is also looking weak perhaps much weaker and will correct to 23000. Again I will advise investor to buy these commodities at dips with 3 to 5 years time horizon.
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