SELL SILVER MAR @ 271000 SL 274000 TGT 267000-264000. MCX - Kedia Advisory
Gold
SELL GOLD APR @ 162200 SL 163500 TGT 160700-159800. MCX
Observations
Gold trading range for the day is 159500-162470.
Gold price jumps amid US-Iran tensions and uncertainty over the US trade policy outlook.
US President Trump warns of military action if Tehran denies the deal.
The US Supreme Court ruling against Trump’s tariffs has upended the trade policy outlook.
JP Morgan sees year – end 2026 gold price at $6,300 per ounce
Silver
SELL SILVER MAR @ 271000 SL 274000 TGT 267000-264000. MCX
Observations
Silver trading range for the day is 260170-274570.
Silver prices rose lifted by a softer dollar and heightened safe-haven demand amid uncertainty over U.S. tariffs.
Trump says "almost all" countries, corporations want to stick to tariff, investment agreements.
Two U.S. Federal Reserve officials signaled no near-term appetite to change the setting of central bank interest rate policy.
Markets currently expect three 25-basis-point rate cuts this year, according to CME's FedWatch Tool.
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