Whalesbook
Haan toh bhaiyo, hua kya ki jab se duniya mein tensions badh rahi hain, especially US aur Iran ke beech, aur crude oil ke prices bhi boom pe hain, toh sab log safe havens ki taraf bhaag rahe hain. Silver ETFs iska fayda utha kar seedha 6% tak chal diye. MCX par bhi silver aur gold futures mein tezi dikhi, jisme SPDR Gold Shares (GLD), iShares Gold Trust (IAU), aur iShares Silver Trust (SLV) jaise bade ETFs ko bhi fayda hua.
But... yahaan ek twist hai! Agar hum thoda dhyan se dekhein, toh sab kuch itna simple nahi hai. Market thoda complex picture dikha raha hai. April mein Indian Silver ETFs se ₹126.72 crore ka marginal outflow bhi hua tha. Isse pehle February 2026 mein bhi Silver ETFs se lagbhag ₹826 crore bahar nikle the, kyunki investors ne February 2025 mein hui 148% ki zabardast rally ke baad profit book kiya tha.
Aur upar se, market data on May 12, 2026, bata raha hai ki U.S. Dollar Index (DXY) 0.20% upar tha aur U.S. 10-Year Treasury yield 4.43% par chal raha tha. Ye dono cheezein toh usually safe havens, jaise gold aur silver, ke liye achhi nahi maani jaati. Aisa bhi dekha gaya hai ki kabhi kabhi gold bhi geopolitical problems mein kamzor padh jaata hai, jaise March 2026 mein Iran conflict ke shuru mein 14.5% gira tha.
Isliye, ye jo tezi dikh rahi hai na, ye short-term ho sakti hai. Silver ka demand industrial use par bhi depend karta hai, toh global economy ka scene bhi matter karta hai. High interest rates non-yielding assets ko thoda kam attractive bana dete hain. Matlab, ek taraf geopolitical fears buying ko push kar rahe hain, toh doosri taraf economic factors aur past profit-taking doubt create kar rahe hain ki ye gains kitne time tikenge.