Silver price: 360 ONE Silver ETF opened for subscription today, March 10, 2025, and will end on March 20, 2025. The scheme will reopen for continuous sale and repurchase from March 28, 2025
Weaker dollar, geopolitical concerns over Ukraine peace process, economic and political concerns due to Trump's tariff plans and softer yields are positive for the metal
Silver may decline a bit, though downside is likely to be limited
Silver is expected to push higher should gold rise to record highs. The grey metal is up around 15 per cent this year
Disappointing data out of the US viz retail sales, nonfarm payroll (considering the downward revision done by BLS) and NAHB housing Index are positive for the yellow metal
Gold is expected to trade with a positive bias as buyers have $3,000 (MCX April gold Rs 88,000) level in focus
As long as Silver continues to hold above $30 (Rs 88,000), we look for a target of $35 (Rs 103,000) in the coming months
Gold rally is being driven more by subdued yields and US Dollar Index rather than safe haven demand
On January 28, spot gold traded between $2730 and $2760 as, once again, it took support at the crucial level of $2730 to extend its recovery following the selloff on January 27
Silver looks vulnerable as industrial commodities are under pressure on Trump's tariff threats
Gold is looking somewhat overstretched at the current level as the US economy continues to do well amid sticky inflation and strong job market
Silver trading strategy: Support is at $30 (Rs 90,200)/$29.60 (Rs 89,000). Resistance is at $31.10 (Rs 93,400)/$31.50 (Rs 94,600)/$31.85 (Rs 95,600)
Gold rate in share market: Recovery in gold prices is being driven primarily by a sharp decline in the US yields and a retreat in the US Dollar Index
Gold price today: Gold is expected to range trade ahead of the US CPI report
Silver rate today: The metal may recover should the US CPI data turn out to be subdued, though upside is likely to be capped
Gold rate today: A weaker-than-expected US job data may help the metal test the crucial resistance in $2,690-$2,700, says analyst at Mirae Asset Sharekhan
Spot gold traded in the range of $2,621-$2,661 on January 2
With a constrained supply growth and rising industrial usages, silver is mostly headed for a fifth straight year of deficit in 2025
Silver price today: Outlook for Silver remains weak, but it is looking somewhat oversold currently; hence, caution is warranted in selling
Gold price today: Spot gold is likely to consolidate ahead of the US FOMC monetary policy decision due tonight