Silver looks to get support at 238000 and resistance at 290000. - Kedia Advisory
Gold
Gold looks to get support at 147000 and resistance at 158000.
Observations
Gold trading range for the day is 145840-164360.
Gold pared gains as investors assessed fresh US economic data and its implications for the Federal Reserve’s policy path.
Private businesses in the US added 22K jobs in January 2026, following a downwardly revised 37K rise in December.
Fed’s Waller pointed out that the labor market remains weak despite steady economic growth.
President Trump signed a bill to end the partial shutdown.
Silver
Silver looks to get support at 238000 and resistance at 290000.
Observations
Silver trading range for the day is 249475-301075.
Silver surged rebounding from a historic selloff as "renewed buying interest" emerged.
Goldman Sachs warned that depleted inventories have triggered "squeeze-like conditions"
Trump launches $12 billion minerals stockpile to counter China
A structural supply deficit in the silver market, alongside rising investment inflows, particularly from Chinese speculators, supported prices.
