Silver rises after a sharp pullback in the prevision session

Mumbai, 30 December: Silver rose 2.6% to $73.9/oz, stabilizing after a steep drop in the previous session, as traders adjusted positions following aggressive profit-taking. The rebound follows a sharp retreat from record highs above $80 an ounce, with holiday-thinned liquidity amplifying recent price swings. Monday’s selloff was amplified by the CME’s decision to raise margin requirements on silver futures, forcing leveraged traders to reduce exposure after prices became technically overstretched. The decline reflected position unwinding rather than a shift in underlying demand. Despite near-term volatility, silver continues to find support from structural supply constraints and strong industrial demand, particularly from solar, electronics, and data center infrastructure. However, stricter margin rules may keep price gains measured in the short term. MCX Silver March may appreciate to Rs. 226,000/kg as the undertone is bullish in the international markets.- By Mr. Jigar Trivedi, Senior Research Analyst at Reliance Securities

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(સ્પષ્ટતા: અત્રેથી આપવામાં આવતી તમામ પ્રકારની માહિતી કોઇપણ પ્રકારે રોકાણ/ ટ્રેડીંગ માટેની સલાહ નથી. બજારોમાં રોકાણ જોખમોને આધીન છે અને રોકાણ કરતા પહેલા કૃપા કરીને તમારા સલાહકારની સલાહ લો.)