2026-01-12 11:13:07 am | Source: Kedia Advisory
Silver looks to get support at 236000 and resistance at 270000 - Kedia Advisory
Silver
Silver looks to get support at 236000 and resistance at 270000.
Observations
Silver trading range for the day is 238250-263570.
Silver gains supported by supply constraints and robust demand from both industrial applications and investment flows.
HSBC raised its silver price forecasts to $68.25 per ounce for 2026 from $44.50 earlier, and to $57 for 2027 from $40 earlier.
US economy added 50K payrolls in December 2025, less than a downwardly revised 56K in November and below forecasts of 60K.
Silver reserves in London vaults rise 2.3% m/m in December, LBMA says
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