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This is your Daily Silver Price Tracker with Vanessa Clark podcast.
Hey friends, welcome back to Daily Silver Price Tracker with Vanessa Clark. Im your host Vanessa, and today were diving into the latest on silver prices, whats driving the moves, and some smart tips for you silver fans out there.
Right now, silver is trading at about 83.98 dollars per troy ounce globally, according to FXStreet data, down a bit from yesterdays 84.50 but still up over 18 percent since the start of the year. In India, its sitting at 289.90 rupees per gram or 2,899 rupees for 10 grams, per the Sunday Guardian report, with consistent prices across cities like Mumbai, Delhi, Chennai, and Kolkata at 2,89,900 rupees per kilo. Thats a slight dip today after some wild swings, including a peak near 3.5 lakh rupees per kilo earlier this month and a low of 2.75 lakh.
The markets been volatile after a massive 130 percent surge last year, fueled by industrial demand in solar panels, EVs, and electronics. JP Morgan sees silver averaging 81 dollars per ounce this year, while some analysts like Ikemizu predict highs up to 160 dollars. But profit-taking, easing tensions, and supply tightness from low vault inventories are keeping things choppy, as Kitco and Silver Bullion note plunging stocks and strong physical demand from places like India and China.
Heres your takeaway, pals: if youre a long-term investor, this dip could be a great entry point near support levels around 80 dollars. Consider silver ETFs or digital silver for steady accumulation, and always check for 999 purity marks on coins to avoid fakes. Watch the gold-silver ratio too, now around 60, signaling silver might be undervalued.
Thanks for tuning in, friends. Subscribe, share with your crew, and catch you next time on Daily Silver Price Tracker!
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