Gold and silver continue to retain their long-term appeal despite recent profit booking and short-term volatility, supported by strong fundamentals, central bank demand and expectations around global interest rates. However, investors should remain mindful of silver’s higher volatility and the possibility of periodic corrections across precious metals, according to Emkay Wealth Management.
Emkay noted that gold has found strong support around the US$4,060 level, while silver has held the US$58 level over the past four to six weeks. Despite the recent correction, the resilience of precious metals suggests that the broader uptrend remains intact, with the current consolidation potentially providing a stronger base for the next leg of the cycle.
