While investors' interest in gold is soaring, it’s also a great time to look at silver as a compelling alternative.
- Silver demand has outpaced supply for the 4th consecutive year.
- Gold to silver ratio is at 88:1 well above the long-term average of 65:1 indicating that silver is undervalued.
- Indicators suggest that silver still is relatively attractive v/s gold and like gold silvers extended up more still pending.
Why Now?
Silver offers a more attractive entry point relative to gold and could be the undervalued gem in your portfolio.
Word of Caution
Silver is a very volatile commodity and often moves wildly. It is not for everyone, especially not for the faint hearted. Most investors are better off having it as part of a Multi Asset Allocation strategy through an MF.
For others who understand these nuances having some exposure to this commodity using silver FOF could make sense.
Silver currently trades at $ 32.9/ troy, ounce and rupees 96000 per kg.
Blog by Mr.Santosh G Akerkar for education and awareness purposes.
Best Regards,
Santosh Akerkar