Gold, Silver ETFs Surge: Silver Jumps 9%, What's Next for Investors?

• Gold and silver ETFs, along with precious metal prices, are experiencing a sharp recovery on February 4, with Silver ETFs jumping up to 9%.
• Despite the current surge, gold and silver, and their ETFs, have not yet reached their lifetime highs from late January.
• On MCX, April expiry gold futures rose over 4.5% to ₹1,60,755 per 10 grams, while March expiry silver futures increased 6% to ₹2,84,094 per kilogram.
• Various Silver ETFs like Tata, Edelweiss, Kotak, Nippon India, and ICICI Prudential saw increases ranging from 7% to 9%.
• Experts anticipate a slight bullish trend for gold and silver this week, with gold facing immediate resistance at ₹154,215 and potential to reach ₹160,000-₹167,000.