Silver looks to get support at 230000 and resistance at 260000

2026-01-09 11:09:43 am | Source: Kedia Advisory

Silver looks to get support at 230000 and resistance at 260000 - Kedia Advisory

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Silver

Silver looks to get support at 230000 and resistance at 260000

Observations

Silver trading range for the day is 227905-259595.

Silver declined as traders positioned for annual commodity index rebalancing, which is expected to trigger heavy futures selling.

Prices also retreated as the dollar strengthened, with mixed US economic data offering limited clarity on Fed’s policy outlook.

Citigroup estimating that around $6.8 billion worth of silver futures could be sold.

Markets are currently pricing in a nearly 90% probability that the Fed will keep interest rates unchanged at its upcoming meeting.

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Silver looks to get support at 230000 and resistance at 260000 - Kedia Advisory

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