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2026-02-02 11:13:01 am | Source: Kedia Advisory
Silver trading range for the day is 252870-291220 - Kedia Advisory
Silver trading range for the day is 252870-291220 - Kedia Advisory

Gold

Gold looks to get support at 138000 and resistance at 154000.

Observations

Gold trading range for the day is 133025-158975.

Gold fell on profit-taking after Fed chair nominee news and PPI data lifted the dollar.

Fed Chair Jerome Powell said inflation in December was likely well above the central bank's 2% target.

US month-on-month producer prices rose 0.5% in December 2025, the largest gain in three months.

India’s gold imports rose 1.6% from a year earlier to $58.9 billion in 2025.

 

Silver

Silver looks to get support at 200000 and resistance at 320000.

Observations

Silver trading range for the day is 252870-291220.

Silver plunged amid aggressive profit-taking and a decisive rebound in the US dollar

Trump said he had nominated former Fed governor Kevin Warsh as the next Fed chair.

Fed held rates as expected, citing resilient economic activity and early labor-market stabilization, but noted elevated inflation and an uncertain outlook.

India’s silver imports jumped 44% to $9.2 billion in 2025.

 

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