Kolkata: Though silver is going through one of the most remarkable bull runs in history and has climbed as much as 37% this year so far, prominent brokerage firm Motilal Oswal thinks a lot of steam is left in this precious metal, thanks to its multiple demand triggers. On Thursday (September 11) morning MCS Silver was trading at Rs 124,968, down Rs 212 or 0.17%.

Motilal Oswal is extremely bullish about silver and has recommended “buy-on-dips” strategy over the next one year to 15 months. It has set long-term support levels — prices at which any decline in the price is set to stop and reverse direction of movement — between Rs 1,04,000 and Rs 1,08,000. Silver has generated annualized returns of about 20% in the past three years, which is remarkable against any other asset categories.

Motilal Oswal has maintained a positive medium to long-term view on the white metal prices. According to Motilal Oswal, the price is now expected to go past the Rs 1,35,000/kg mark. The next target to follow is Rs 1,50,000. It assumes the exchange rate of the US Dollar and Indian rupee at........

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