Silver shines through correction after Diwali: Analysts see strong long-term case for the white metal
Silver’s recent price correction may appear unsettling to short-term traders, but investment experts see it as part of a healthy market cycle rather than a reversal in the metal’s long-term uptrend. According to ICICI Prudential Asset Management Company (AMC), silver’s growing industrial relevance and continued role as an inflation hedge provide strong support for its value in the years ahead.
Read MoreUnmatched Growth of XRP: Cryptocurrency Remains in the Top 15 for Eight Years
On the weekly chart, XRP trades near $2.38 following a correction from $3.65. A breakout of the ascending wedge is visible, followed by a rebound from the support zone around $2.30.
Bollinger Bands show price compression, and the MACD is close to a potential bullish crossover. Chaikin Money Flow (CMF) remains positive,
» Read more about: Unmatched Growth of XRP: Cryptocurrency Remains in the Top 15 for Eight Years »
Read MoreThese 2 Dividend Kings Are Combining in a $48.7 Billion Megadeal. Is It A Win-Win for Dividend Investors?
Why mutual funds are backing Lenskart’s ₹70,000 crore IPO despite steep valuation
The IPO, which opened on 31 October and closes on 4 November, comprises a fresh issue of ₹2,150 crore and an offer-for-sale of ₹5,128 crore. Lenskart raised ₹3,268 crore from 147 anchor investors ahead of the offer, including foreign institutions such as the Government of Singapore,
Read MoreStock market today: Dow, S&P 500, Nasdaq push higher after sell-off and ADP jobs report returns to growth
US stocks recovered from the previous day’s steep sell-off as the ADP payrolls report showed a return to job growth in the private sector last month. Investors were also eyeing a pivotal day for President Trump’s tariffs, while the federal shutdown became the longest in US history.
Read MoreThe Burst
Is Bitcoin $100,000 Next?
Bitcoin has been on a tear lately, bringing its YTD returns to over 112%. Much of this gain can be attributed to Donald Trump’s support of bitcoin and his electoral victory, which added to an already bullish period for Bitcoin.
Now, the big question is whether the benchmark cryptocurrency could cross the $100,000 mark for the first time in the near future.
» Read more about: Is Bitcoin $100,000 Next? »
Read MoreThe Ivy
5 Stocks Buffett Is Buying and 2 He’s Dumping
In Q4 of last year, Warren Buffett made a few significant changes to the Berkshire Hathaway portfolio. The investing legend sat on the sidelines through much of 2024, with most of his activity accounted for by selling stocks into a high-priced market and consolidating his company’s assets in cash.
With Buffett and his investing team seemingly jumping back into action late last year,
» Read more about: 5 Stocks Buffett Is Buying and 2 He’s Dumping »
Read MoreThe Spotlight
Spotlight: Will Tesla Make You Rich?
Yet another year has gone by where Tesla has absolutely crushed the market. Despite each year starting out with naysayers predicting doom for Musk’s car manufacturer, the performance again has been market-beating.
In fact, Tesla has outperformed the general stock market by about 6x this year, a jaw-dropping result considering all the bearish prognostications at the start of the year following a dismal 2022.