GJ Town India

Silver exhibits volatility similar to Indian equities: Motilal Oswal According to Alpha Strategist Report from Motilal Oswal Private Wealth (MOPW), standard deviation on monthly returns and maximum drawdowns for the period between 1990 to 31st October 2024, silver has exhibited volatility similar to Indian equities. The standard deviation for Silver is 26.6% which is similar to Indian equities at 26.8%. The maximum drawdown of silver is at -54% which is close the maximum drawdown of -55.1% in Indian equities. Silver has provided returns of the CAGR of 7.6% from 1990 to 31st October 2024, Indian Equities have recorded CAGR of 14.0% during the same period. Compared to Silver, Gold has provided a meaningful CAGR of 10.6% and scores better on account of recorded standard deviation of 14.7% and maximum drawdown of -25.1%. Hence, Gold can have a strategic allocation in portfolios, while Silver should be consider only for tactical allocation. The recent fluctuations in gold and silver prices ...

A robust rally seems to breach Rs100K mark by the end of 2024 Recently, Colin Shah, MD, Kama Jewelry shared his Outlook on Silver. He shared, Silver prices have outperformed gold this year, gaining about ~18% Year-Till-Date (YTD). In addition to being a precious metal, having ornamental value, silver is also considered as an industrial metal.    Silver is an imperative raw material in electric vehicles, solar panels, and 5G antennas, among other products that are expected to drive the global economy in the coming years, supported by a constant rise in demand.  Fuelled by the on-going geopolitical tensions, economic uncertainty, higher inflation, anticipation of rate cuts coupled with robust industrial demand, silver prices are increasingly gaining momentum from the past few days.    Going ahead, given its hybrid nature of being a precious and an industrial metal, a robust rally seems to be in the foresight, with a possibility to breach INR 1,00,000 mark by the e...