Silver Crosses Rs 3 Lakh Mark: Buy, Hold, or Sell Amid Geopolitical Tensions?

• Silver surged to a historic high of Rs 3,04,087 per kg on MCX, gaining 5.67% in a single session and 206% over the past year.
• The rally is driven by heightened geopolitical tensions, particularly US tariff threats on Europe, and strong industrial demand from clean energy, electronics, and EVs.
• Experts advise long-term investors to buy on dips, using silver as a hedge against inflation and uncertainty, while short-term traders might consider profit-taking.
• Renisha Chainani of Augmont suggests staggered fresh buying and holding for existing investors, with partial profit-booking on sharp spikes.
• Despite near-term volatility and an RSI bearish divergence warning, the longer-term outlook for silver remains positive, with potential upside targets of Rs 3,20,000 and Rs 3,40,000.

Why It Matters: Silver hits record highs due to geopolitical tensions and industrial demand; experts advise buying on dips for long-term.