Silver price today: Silver crosses Rs 1.91 lakh mark; hits new lifetime high
Silver futures hit a new record high on Wednesday, fueled by investor optimism for US Federal Reserve rate cuts and tight supply. Gold prices also saw a slight increase. Analysts point to expectations of a 25-basis-point rate reduction, despite persistent inflation concerns, as a key driver for silver's surge. Global markets are closely watching the Fed's decision.
Silver futures hit a new record high on Wednesday, fueled by investor optimism for US Federal Reserve rate cuts and tight supply. Gold prices also saw a slight increase. Analysts point to expectations of a 25-basis-point rate reduction, despite persistent inflation concerns, as a key driver for silver's surge. Global markets are closely watching the Fed's decision. What's Your Reaction?
