Silver Rate Today, March 19: There may be some profit booking ahead of the US FOMC policy decision as the Central Bank may opt for a hawkish pause
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
Silver Rate Today: Weakening of the US Dollar, economic and political concerns globally, and huge fiscal stimulus in China and Europe are positive for Silver prices
Silver price today: Dip buying around $31.50 is preferred over chasing the rally. Support is at $31.27
The price of ten grams of 24-carat gold in Mumbai, Kolkata, and Chennai stood at Rs 87,370
Silver may decline a bit, though downside is likely to be limited
The price of 22-carat gold also climbed Rs 10, with ten grams of the yellow metal selling at Rs 80,710
Silver is expected to push higher should gold rise to record highs. The grey metal is up around 15 per cent this year
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
The price of 22-carat gold also climbed Rs 10, with ten grams of the yellow metal selling at Rs 79,810
The price of 22-carat gold also dipped Rs 10, with ten grams of the yellow metal selling at Rs 79,290
The price of 22-carat gold also rose Rs 10, with ten grams of the yellow metal selling at Rs 79,310
Support for Silver is at $31.77 (Rs 94,000) /$31.11 (Rs 92,000). Resistance is $32.55 (Rs 96,300)/$33.45 (Rs 99,000)
Silver rate today: Given the fact that industrial commodities are struggling, and tariff threats loom large, silver may struggle to extend its rally much further on a sustained basis
Total known global silver ETF holdings stood at 710.01 MOz, the lowest since September 23, as on January 27
The price of 22-carat gold also fell Rs 10, with ten grams of the yellow metal selling at Rs 75,390
Silver looks vulnerable as industrial commodities are under pressure on Trump's tariff threats
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)
The price of 22-carat gold also climbed Rs 10, with ten grams of the yellow metal selling at Rs 73,910
The price of 22-carat gold also climbed Rs 10, with ten grams of the yellow metal selling at Rs 73,410