SILVER MAR @ 247000 SL 235000 TGT 262000-272000. MCX-Kedia Advisory
Gold
BUY GOLD APR @ 156000 SL 154500 TGT 158000-159000. MCX
Observations
Gold trading range for the day is 154335-160135.
Gold eased as improved risk appetite lifted global equities, while investors awaited a series of U.S. economic data.
The downside was capped by a weaker dollar after reports emerged that China has advised its banks to reduce U.S. Treasury exposure.
Traders expect two rate cuts by the Fed this year, according to CME Group's FedWatch tool. China's central bank extended its gold buying spree for a 15th month in January.
Silver
BUY SILVER MAR @ 247000 SL 235000 TGT 262000-272000. MCX
Observations
Silver trading range for the day is 241810-269120.
Silver fell as traders locked in profits with investors awaiting crucial US economic data that could shape Fed’s rate path.
US Treasury Secretary Scott Bessent attributed the extreme swings in the metals market to Chinese traders.
Silver inventories on the SHFE have plunged to their lowest levels in nearly a decade, underscoring growing tightness As at end January 2026, the amount of silver held in London vaults was 27,729 tonnes, a 0.3% decrease on previous month.
