S Naren of ICICI Pru AMC Warns Investors: 'Be Careful in Silver'

• S Naren of ICICI Prudential AMC advises caution for investors in silver, especially after significant returns.
• He highlights that silver has seen over 100% returns in less than a year, a signal for investors to be wary.
• Naren emphasizes the impossibility of accurately predicting daily movements in silver, a global commodity.
• Silver experienced a 37% single-session plunge last Friday, the biggest intraday drop in its history, after reaching record highs.
• ICICI Prudential AMC has been advising clients against investing in Silver ETFs or Fund of Funds, recommending a multi-asset approach for those still interested.

Why It Matters: S Naren of ICICI Pru AMC urges caution on silver investments due to high volatility and rapid gains.