Sell Silver Mar @ 246000 SL 248500 TGT 243200-241800. MCX - Kedia Advisory
Gold
SELL GOLD APR @ 156500 SL 158000 TGT 155000-154000. MCX
Observations
Gold trading range for the day is 152040-158130.
Gold prices ended up on dwindling hopes for Fed rate cuts.
The current policy stance risks slowing U.S. growth, Federal Reserve Governor Stephen Miran said.
China's gold market saw robust demand heading into the Lunar New Year holiday, while in India, gold flipped to a discount.
ANZ revises gold price forecasts, with gold now expected to hit $5,800/oz in Q2 2026 (previously $5,400/oz)
Silver
SELL SILVER MAR @ 246000 SL 248500 TGT 243200-241800. MCX
Observations
Silver trading range for the day is 234155-253885.
Silver rose as US 10-year yields hit early-Dec lows after soft CPI boosted Fed cut bets.
President Trump said negotiations with Iran could conclude within a month as he seeks a diplomatic deal to curb Tehran’s nuclear program.
Data showed the United States added 130,000 jobs in January, compared to analysts' estimates of 70,000. ANZ expects silver market to be undersupplied in coming years, although deficit is likely to narrow in 2026
