Fundamental News and Triggers
Gold and Silver continue to deliver stellar performance in 2026 too
- Gold and silver have delivered exceptional performance this year, rising 18% and 50% YTD, respectively. Both metals surged to fresh all-time highs, with gold nearing $5,100 (~ ₹1,59,900) and silver touching $117 (~ ₹3,59,800), marking their strongest yearly gains in decades.
- Renewed geopolitical tensions have been a key trigger. U.S. President Donald Trump announced a 100% tariff threat on Canada over a potential trade deal with China and raised tariffs on South Korean autos, pharmaceuticals, and lumber to 25%. These developments have reinforced safe-haven demand.
- For precious metals this year, the dominant driver has been policy uncertainty under Trump. A fresh wave of first-time investors—especially across Asia and Europe—is aggressively building personal holdings of gold and silver, adding structural support to prices.
Technical Triggers
- Gold has met its targets of $5,000–5,100 and may consolidate before moving towards $5,200 (~ ₹1,63,000). Strong support lies at $4,980–5,000, below which profit-booking could extend to $4,900 and $4,750.
- Silver has achieved $100 and $107 targets and may consolidate before resuming higher towards $120 (~ Rs 390,000). Key support is seen at $103 (~ ₹3,40,000); a break could lead to retracement towards $100 and $97.
Disclaimer: This report contains the opinion of the author, which is not to be construed as investment advice. The author, directors, and other employees of Augmont Enterprise Private Ltd. and its affiliates cannot be held responsible for the accuracy of the information presented herein or for the results of the positions taken based on the opinions expressed above. The above-mentioned opinions are based on information that is believed to be accurate, and no assurance can be given for the accuracy of the information. The author, directors, other employees, and any affiliates of Augmont Enterprise Private Ltd. cannot be held responsible for any losses in trading. In no event should the content of this research report be construed as an express or implied promise, guarantee, or implication by or from Augmont Enterprise Private Ltd. that the reader or client will profit or that the losses can or will be limited in any manner whatsoever. Past results are no indication of future performance. The information provided in this report is intended solely for informative purposes and is obtained from sources believed to be reliable. The information contained in this report is in no way guaranteed. No guarantee of any kind is implied or possible where projections of future conditions are attempted. We do not offer any sort of portfolio advisory, portfolio management, or investment advisory services. The reports are only for information purposes and are not to be construed as investment advice.
