Silver can test support around $72 should bears take out the key level of $74.50. Upside may be capped at around $79 for a very short term
On April 14, silver prices surged to $80.85 -- the highest since March 13 -- on Iran peace hopes before erasing gains as the US Dollar stabilised
Gold may rise to $5000 in the short term, though a sustainable extension of the ongoing rally, which has been in place from the cycle low of $4099, will call for an increase in the safe haven appeal
The impact of the war on energy infrastructure is considerably more severe than futures prices currently imply
Brent futures are currently trading near $95/bbl after a 4.6 per cent correction, yet remain up 31 per cent since the start of the conflict, 56 per cent year-to-date
MCX shares were seen trading northward, with a gain of 2.9 per cent at ₹2,742.7 on the National Stock Exchange
Silver recovery is being driven by ceasefire optimism that is keeping the oil prices capped. Safe-haven flows seem to be largely absent
Mohammed Imran of Mirae Asset Sharekhan expects that Brent and WTI floor prices would remain elevated at pre-war levels
Commodity research analyst Nirpendra Yadav at Bonanza believes that the pullback in Gold and Silver prices is due to weak buying momentum, hence they may struggle to extend gains.
All trading and settlement activities on the BSE and the NSE, including equities, derivatives, and the Securities Lending and Borrowing (SLB) segment, are suspended for the day
All trading and settlement activities on the BSE and the NSE, including equities, derivatives, and the Securities Lending and Borrowing (SLB) segment, are suspended for the day
Gold and silver ETFs were in demand in the week's first trading session, rising over 2% as safe-haven buying surged amid West Asia tensions
Mohammed Imran, research analyst at Mirae Asset Sharekhan, maintains the Q2 2026 Brent target of $110/bbl and WTI at $100
Gold April futures on the MCX traded higher by 3.78 per cent at ₹1,44,370 per 10 gm, while silver May futures gained 5.54 per cent to ₹2,36,338 per kg
The fall in gold prices, according to analysts, may actually support jewellery demand in the medium-term, even though it may create short-term pressure for some players
Silver, like gold, remains under acute downside pressure as hardening yields and fading rate-cut expectations reflect central banks' heightened vigilance against the spectre of inflation.
The West Asia conflict has changed the bullish narrative around Gold. High oil prices, US recession-cum-inflationary fears, and fading Fed rate cut bets weigh on the sentiment, says YES Securities.
On Thursday, Brent crude futures climbed $3.69, or 3.44 per cent, to $111.07 per barrel. The US West Texas Intermediate crude rose $2.29, or 2.38 per cent, to $98.61 per barrel
Three weeks into the most consequential energy shock since the 1973 Arab oil embargo, the full weight of what the Middle East war means for Asia is only beginning to crystallise
So far this year, MCX spot silver has rallied 6.5 per cent and gold has gained nearly 16.4 per cent, according to data compiled by Bloomberg