Silver Investment Details: Gold and silver are making new records every day due to continuous shopping by stockists and retailers amidst strong trend abroad. On Tuesday, silver became expensive by Rs 633 and reached a record level of Rs 1,00,400 per kg for the first time.
So far this year, silver prices have seen a rise of Rs 14,338. According to Anuj Gupta, Commodity and Currency of HDFC Securities, its price can be seen further. Silver can go up to 1 lakh 8 thousand rupees by the end of the year.
In such a situation, if you are planning to invest in silver, then Silver ETF can be the right option. Through Silver ETF, you can invest in silver just like shares. In the last 1 year, it has given up to 34 percent returns. Here we are telling you about Silver ETF today…
The facility of buying silver like shares is called Silver ETF. These are exchange-traded funds, which can be purchased and sold on stock exchanges. Since Silver ETFs have benchmark spot silver prices, you can buy it close to the actual price of silver.
Silver is purchased in unit through ETF. This makes it easier to buy silver in small amounts or through SIP (Systematic Investment Plan). The price of 1 unit of Silver ETF is less than Rs 100. That is, you can start investing in it for less than 100 rupees.
Electronic silver is in the demat account, which only has to be given annual demat charge. Also, there is no fear of theft. At the same time, in addition to the risk of theft in physical silver, money has to be spent on its safety.
Silver ETFs can be purchased and sold immediately without any hassle. That is, whenever you need money, you can sell it.
A person can diversify his portfolio by investing low -risk assets such as silver and gold etc. This reduces the risk in his investment portfolio.
