Silver looks to get support at 290000 and resistance at 350000 - Kedia Advisory
Gold
Gold looks to get support at 147000 and resistance at 162000
Observations
Gold trading range for the day is 145760-162380.
Gold rallied powered by ongoing geopolitical tensions, a softer U.S. dollar and expectations of Federal Reserve interest rate cuts.
Initial jobless claims in the US inched higher by 1,000 from the previous week to 200,000.
Goldman Sachs raises Dec 2026 gold price forecast by $500 to $5,400/oz
Polish central bank approves plan to buy 150 tons of gold
Silver
Silver looks to get support at 290000 and resistance at 350000
Observations
Silver trading range for the day is 293995-347375.
Silver gains supported by lingering geopolitical risks and a weaker dollar.
Trump said he would step back from imposing tariffs on goods from European nations opposing his effort to take possession of Greenland.
The US economy expanded at an annualized rate of 4.4% in Q3 2025, slightly above the initial estimate of 4.3%.
As at end December 2025, silver held in London vaults was 27,818 tonnes, a 2.3% increase on previous month, valued at $64.4 billion.
