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Hot Commodities: Silver Soars Above $19 As Traders Eye Its Role In Strategic Asset Allocation

Hot Commodities: Silver Soars Above $19 As Traders Eye Its Role In Strategic Asset Allocation

September 30, 2022 5:07 IST | capital market
COMEX Silver futures jumped impressively today, witnessing good bargain buying after testing near two and half week low earlier this week. The white metal is back above $19 per ounce and currently trades up 1.59% at $19.01 per ounce. An update from the Silver Institute stated yesterday that Silver as a distinct asset class should be considered as a strategic investment allocation within a global multi-asset portfolio. Investors would benefit from an average 4-6 percent silver allocation within their portfolio, significantly higher than current holdings of silver by most institutional and individual investors. The new report, The Relevance of Silver in a Global Multi-Asset Portfolio, was commissioned by the Silver Institute to explore the risk-adjusted returns of model portfolios with differing levels of silver exposure.Powered by Commodity Insights

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