PROFIT TAKING OPPORTUNITY IN SILVER – IN INDIA PHYSICAL SILVER TRADING AT A DISCOUNT
By Nigam Arora & Dr. Natasha Arora
Signal(s) to enter, add, reduce, exit, hold or change.
Nice Profits
There are nice profits on silver ETF SLV.
India
Physical silver often trades at a premium to futures. However, in India, physical silver has now switched to trading at a discount. It is a culture among Indian women to accumulate gold and silver ornaments. Gold and silver ornaments are also the preferred gifts at weddings, childbirth, etc.
Physical Demand
The foregoing is an indication that physical demand is weakening.
Tactical Position
If you are holding a tactical position, consider taking partial profits. Please see the Afternoon Capsule to learn about tactical and strategic positions. … Please click here or the title below to read more.
April 25, 2023