Understanding Today’s Silver Rate Through Chart Analysis

The chart of silver traded on US exchanges is presented here due to the lack of sufficient data in MCX. I’ve observed a promising pattern in silver, and it appears poised for a potential doubling in value from this point. In India, Silver ETF’s are available to invest.

Yes, like gold, silver can also act as a hedge against black swan events. Black swan events are unpredictable, yet devastating, events. They are unforeseen, but when they happen, they can cause a major market crash.

Investors often turn to precious metals like gold and silver during times of economic uncertainty or crisis. This is because these metals tend to retain their value, or even increase in value, when other investments are falling. Therefore, they can provide a form of insurance against unforeseen circumstances.

However, it’s important to note that while silver can provide some protection against black swan events, it’s not a guaranteed safeguard. The effectiveness of silver as a hedge will depend on a variety of factors, including the nature of the black swan event and the overall state of the economy. Therefore, it’s always a good idea to have a diversified investment portfolio to mitigate risks.

Always prioritize risk management and proper position sizing to ensure you stay on track towards your goals. While analysis is valuable, it’s important to acknowledge that it may not always yield the expected results. Be prepared to adapt if things don’t go as planned, and maintain a resilient mindset throughout your journey.

Disclaimer: – I am not SEBI registered advisor. Please consult a professional advisor before taking any decision. This is not buy/sell recommendation.