Silver- Most Undervalued Assset. Silver bottomed to M2SL
There may be a short correction overall because market is overbought a lot. 16800-16900 is crucial area for nifty. If it can sustain August month closing above 17000 we may go for new highs this year. Otherwise be prepared for one more year of consolidation. Not Financial Advice.
FUNDAMENTALS 1) Strong demand from industrial use of electrification of economies. 2) Funds being diverted from stocks to Gold/Silver 3) gold/ Silver ratio near a peak. 4) 40% down from highs and at support of 12 years of consolidation.