Key Points
Prices surged to a near one-year high on increased demand optimism and a weak US currency..
In the overseas market, prices gained more than 25 per cent in the last one-month period while the domestic futures rallied more than 20 per cent...
A spike in gold prices also attracted more safe-haven investment in silver as the commodity is often considered an alternative to the yellow metal...
Looking ahead, the forecast of solid industrial demand, supply worries, the weak US dollar, and possibilities of accommodative policy measures from Central banks continue to offer support for the commodity..
On the trading side, as silver prices are usually extremely volatile in nature, fresh investment in the commodity can be considered only in further corrections..
