2025-10-16 09:53:28 am | Source: Kedia Advisory
Silver trading range for the day is 158720-164280- Kedia Advisor
Silver
Prices trading with high volatility. Important resistance at 1,59,800 while Support at 1,64,400
Observations
Silver trading range for the day is 158720-164280.
Silver rebounded above $52/oz and on MCX above 1,60,000, near record highs as a global supply crunch fueled a historic rally.
Severe supply tightness in London triggered a short squeeze, sending lease rates above 30%.
Fed’s dovish tone further lifted precious metal sentiment
Indian demand remains strong, with some mutual funds suspending silver ETF inflows amid shortage fears.
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