2026-01-05 12:26:55 pm | Source: Kedia Advisory
Silver looks to get support at 225000 and resistance at 250000 -Kedia Advisory
Silver
Silver looks to get support at 225000 and resistance at 250000
Observations
Silver trading range for the day is 228770-248770.
Silver gains amid its designation as a critical US mineral, tight supply, low stockpiles, and rising industrial and investment demand.
Fed Governor Stephen Miran voted against the action in favor of a jumbo rate cut.
Chicago Fed President Austan Goolsbee and Kansas City’s Jeff Schmid dissented in favor of leaving rates unchanged.
Increased margin requirements on silver futures by the CME Group might cap the upside for precious metals.
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