Insights

Gold and Silver topped out in the short-term

Daily Report

This week saw a new all-time high for gold, but it didn’t take long for it to start declining again; it’s presently headed for its worst weekly decline since the end of last year. As suggested, Gold has double topped and is expected to retrace to $2345-50 (Rs 72000), the same thing happened. Now this retracement is expected to continue towards $2300 (Rs 70500).

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Silver seems to be topped out amid hawkish FED stance

Daily Report

As suggested in yesterday’s report, if silver prices retrace below $31 (Rs 92000), it means it has topped out and we can see a correction towards Rs 90000 and Rs 87500. Prices ran up very fast and were trading in the overbought territory this week, so this retracement was due for the healthy bull market.

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Bullion prices consolidate at a record high level

Daily Report

The price of gold and silver consolidates at record highs, building momentum for further gains. Financial markets anticipate two cuts of one-quarter percentage points before the end of the year, with the first cut occurring at the earliest possible date in September. This is a negative trigger for bullion.

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Gold and Silver retreat after trading above Rs 74000 and Rs 95000

Daily Report

Gold has made double top around $2450, prices are expected to retrace now towards $2380. Silver prices are getting bullish support from positive momentum in gold and copper price. Silver has strong support at Rs 92000, if prices sustain below this level, it means it has topped out and expected to retrace further towards Rs 90000 and Rs 87500.

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Silver crosses 90,000/kg, what next?

Weekly Blog

Silver is making a move, greatly outperforming gold as it trades at an 11-year high to approach $31.85, following a comparatively modest start in the first quarter. Silver is following in the footsteps of gold and copper.

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Silver at new highs again

Daily Report

Strong fundamentals, increasing gold prices, and unique industrial features propelled silver prices to a new all-time high of Rs 87500/kg. If prices sustain above $30, then it can head higher towards $32 (~Rs 91000).

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Precious Metals heading towards high again

Daily Report

Gold and Silver prices are heading towards their highs again on falling Dollar index and US Treasury yields. Gold has crossed the resistance of $2380 (~Rs 72700) zone, if prices sustain above $2400 (~Rs 73200), the next target is the previous high of $2448 (~Rs 74000) and $2500 (~Rs 75000).

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Precious Metals painting a constructive picture

Daily Report

The price of gold finds a floor as demand for the safe-haven asset is driven by growing geopolitical uncertainties. The “threat-level” of geopolitical risk has increased in response to growing protests against Israel’s occupation of Gaza, Russia’s establishment of a new front in Ukraine, and concerns about a potential breakup in international commerce.

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