Silver ETF Strategies
HDFC Securities has indicated a buying opportunity for the HDFC Silver ETF, recommending a buy range of ₹231-236. The target prices for this ETF are set
between ₹274 and ₹290, which indicates a potential for a notable return on investment. Furthermore, the analysis highlights the ICICI Prudential Silver ETF, presenting another opportunity for investors. It is suggested that investors consider buying this ETF within a range of ₹240-246, with the expectation of reaching a target price between ₹285 and ₹300. These recommendations are designed to help investors make informed decisions, especially in light of the current market conditions where silver prices are experiencing fluctuations. The provided buy and target ranges offer a strategic guideline for long-term investments in silver.
Gold ETF Insights
The analysis also extends to gold ETFs, providing insights from HDFC Securities. The SBI Gold Exchange Traded Scheme is suggested as a buy option with a range of ₹117-119. The recommended target for this scheme is approximately ₹136. Simultaneously, the HDFC Gold Exchange Traded Fund mirrors the SBI scheme, with a similar buy range of ₹117-119, also aiming for a target price of around ₹136. These recommendations provide investors with a comprehensive view of how to diversify their holdings within the gold market. The shared target prices and suggested buy zones are instrumental in defining a strategic plan for investors aiming to capitalize on potential price increases. The guidance provided by HDFC Securities assists in simplifying the complex ETF market and supports well-calculated investment decisions.
