Silver trading range for the day is 143630-150370 - Kedia Advisory
Silver
Prices trading with high volatility. Important resistance at 1,50,000 while Support at 1,45,500
Observations
Silver trading range for the day is 143630-150370.
Silver dropped as profit-taking swept through the market amid concerns that the metal may have entered overvalued territory.
Traders increased bets on two Fed rate cuts this year following weaker-than-expected US CPI data.
Investors also monitored trade developments ahead of the Trump–Xi meeting next Thursday on the sidelines of the APEC summit.
The prior rally was fueled by safe-haven demand, optimism over industrial use in EVs, data centers, and solar energy.
