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FOCUS: Inflows into silver ETFs to moderate as prices tumble

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FOCUS

Inflows into silver ETFs to moderate as prices tumble

This story was originally published at 21:36 IST on June 28, 2024  Back
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Inflows into silver exchange traded funds may see some moderation in the short-term as prices of silver have eased since May-end and are expected to fall further, fund managers and analysts say. Silver prices have fallen on uncertainty about rate cuts by the US Federal Reserve in 2024, analysts said. Silver prices, which hit a lifetime high of 96,493 rupees on the Multi Commodity Exchange of India on May 29, have since then declined 7.6% and closed at 89,156 rupees on Thursday.

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