2026-02-09 10:55:12 am | Source: Kedia Advisory
Silver looks to get support at 222000 and resistance at 278000 - Kedia Advisory
Silver
Silver looks to get support at 222000 and resistance at 278000.
Observations
Silver trading range for the day is 221350-265560.
Silver gains as weak US labour data and higher hopes of Fed cuts have provided some support to prices.
White House said that diplomacy is US President Donald Trump's first choice for dealing with Iran.
CME raises initial margin on its COMEX 5000 silver futures to 18% from 15%
Traders are currently pricing in the possibility that the Fed will deliver at least two 25-basis-point rate cuts in 2026.
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