Whalesbook
Soaring ETF Demand
Indian investors ne silver mein apni exposure ko kamaal ka badha diya hai, jiske chalte exchange-traded funds (ETFs) ab 3,000 tonnes se zyada hold kar rahe hain. Yeh figure pichhle 18 mahino mein holdings mein 120% ka zabardast jump dikhata hai, jo 2024 ke end mein 1,380 tonnes se upar tha. Yeh growth batati hai ki ETF investors India ke imported silver ka ek bada hissa, kareeb ek-chauthai, absorb kar rahe hain.
Price Surge and Investor Rationale
The white metal ki price ne extraordinary rally dekhi hai, jo pichhle saal 200% aur sirf pichhle mahine 49% badhi hai. Spot prices ₹3,09,000 per kg se upar trade hui hain, aur MCX futures ₹3,25,000 per kg tak pahunch gaye hain. Is rally ne investment demand ko aur hawa di hai, jismein kaafi log investment purpose ke liye physical silver khareed rahe hain. Experts ka kehna hai ki current elevated prices par bhi, investors ne long-term mein kam average cost basis banane ki wajah se profit kamaya hai.
Taxation Advantage
The investment appeal ko favorable taxation rules aur bhi badhate hain. Gold aur silver ETFs par short-term capital gains ko investor ke income slab ke hisaab se tax kiya jaata hai. Long-term holdings ke liye, jo ETFs ke liye 12 mahine ya usse zyada define ki gayi hain, tax rate competitive 12.5% hai.
Market Outlook and External Factors
Strong demand ke bawajood, market watchers ka kehna hai ki prices overbought ho sakti hain, aur short-term correction ka chance hai. Metal Focus ki recent report ne possible downside ka ishara kiya hai, lekin kaha hai ki yeh sustained investor interest ko nahi rokega. Iske saath hi, U.S. administration dwara silver par critical minerals tariffs ko defer karne jaise external factors trade-related price pressures se temporary relief de rahe hain. Potential Chinese export bans ko lekar concerns ko bhi analysts ne overstated bataya hai, jisse lagta hai ki current market conditions mein koi bada disruption nahi hoga.