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Mumbai silver market stays flat after long period of consolidation
Mumbai silver holds at ₹340 per gram, showing long term consolidation, with experts saying fresh rallies need stronger industrial demand or supportive macro triggers.
Silver prices in Mumbai remained at ₹340 per gram today, reflecting muted performance after years of consolidation. Traders recalled sharp gains post 2008 crisis, followed by prolonged lacklustre movement. Current stability mirrors balanced demand and global cues. Analysts said silver needs stronger industrial momentum or macro triggers to revive sustained rallies, advising investors to focus on diversification and long term positioning amid evolving market conditions.