New Delhi, Oct. 10 -- With silver hitting Rs.1.50 lakh per kg, everyone wants a piece of this metal. But listen to what the experts are saying: jumping into the rally at this point in time is a high-stakes gamble that investors may end up losing.

Mint decodes the trend.

A surge in retail demand for silver ahead of Diwali is upending bullion prices in the spot market. Rising consumption of silver coins and jewellery, along with heavy inflows into silver exchange traded funds (ETF), is further distorting a domestic silver market already in so-called backwardation. Backwardation is a market phenomenon where the spot price of a commodity exceeds its futures price, often signalling supply constraints or excess near-term demand.







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