Why silver down

On the other hand, the dollar index was flat after having hit a three-week trough earlier in the session. Among other precious metals, spot silver fell 0.

But recent data which showed a weaker Industrial production and lower than expected home sales in US raise doubts for early rate hikes, have improved sentiments for bullion. With Agency Inputs. Never miss a story! Stay connected and informed with Mint. Platinum group metals are widely used in exhaust control catalytic converters in cars. Lithium's use in electric vehicle batteries has made it a red hot metal with potentially explosive growth prospects. Investing in precious metals isn't for the faint of heart given how volatile metal prices can be.

Today was one such nerve-racking day for investors. But if you can stomach the volatility, look beyond short-term gyrations in stock prices, as carefully picked gold and silver stocks, when bought cheap , can prove to be great long-term investments. Discounted offers are only available to new members. Stock Advisor will renew at the then current list price. Average returns of all recommendations since inception. Cost basis and return based on previous market day close.

Investing Best Accounts. Stock Market Basics. Stock Market. Stock Price Quotes. Markets Data. Market Moguls. Expert Views. Technicals Technical Chart. Commodities Views News. Forex Forex News. Currency Converter. Pawan Nahar. Rate Story. Font Size Abc Small. Abc Medium. Abc Large. Getty Images From a longer term perspective for investment, one can buy silver for festival and investment purposes, analysts said.

Related Gold jumps by Rs , silver climbs to Rs 59, New Delhi: Among the precious metals, silver has been underperforming consistently for sometime now. A record-breaking bull run in equities and a stronger dollar have diminished the lustre of the white metal quite a bit.

Gold has been under pressure due to the prospect of tightening monetary conditions and a stronger US dollar. Gold prices today fell sharply in Indian markets today, tracking weak global cues.

Silver futures also slumped 1. In global markets, gold fell 0. Investors also remained cautious ahead of Federal Reserve's meeting next week. Despite high inflation expectations, gold has been under pressure due to the prospect of tightening monetary conditions and eventually interest rate hikes, say analysts. The Fed is expected to announce when it will start tapering, following a meeting on November