Silver prices rose 0.49% to ₹91,595 amid geopolitical tensions and favorable supply-demand fundamentals. However, China is still subject to a steep 125% tariff,
On the macro front, US inflation eased to 2.4% for the second consecutive month in March 2025, from 2.8% in February, fueling hopes that price pressures will moderate. Jobless claims remained relatively stable as claims continued to decline to 1.85 million, indicating a resilient labor market. Essentially, the silver market is forecast to record its fifth consecutive annual deficit in 2025, estimated at 149 million ounces – a 19% decrease from 2024, expected to reach a record high on the back of green technologies and a 3% increase in physical investment.
