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Silver prices jump by Rs 6,600 per kg in May so far to near all-time high
Silver prices surged 8% to Rs 87,476/kg in May, nearing its peak. ANZ analysts forecast it to exceed $31 by 2024, driven by strong fundamentals, rising gold prices, and unique industrial properties. The market is influenced by speculators, record-high gold prices, geopolitical tensions, and factors like momentum-driven buying and interest rate cuts, amid the metal's high volatility.