• A budget bill to reopen the government was approved by President Donald Trump today, ending the longest closure in US history. With the support of almost all Republicans and a small number of Democrats, the bill was approved by the House in a vote of 222-209. In addition to providing funding for a few important agencies through fiscal year 2026, the agreement creates a new funding cliff in Congress on January 30.
• As investors sought to protect themselves against global concerns with precious metals, silver surged more than 5% to above $54, moving closer to an all-time high set last month and taking this week’s gains to about 12%. The USDA highlighted the significance of silver, copper, and metallurgical coal to the economy and national security by adding them to its list of “critical minerals” last week.
• After Japan’s new prime minister stated that she wants the central bank to take its time raising interest rates, the yen plunged to a record low against the euro and hovered at a nine-month low against the dollar.

Technical Triggers 

• Gold continues its upside, crossing $4200, with next target resistance at $4300 (~Rs 130,000) with support at $4100 (~Rs 123,500)

Silver has touched record high prices crossing $54 (~Rs 164,000), now next target resistance lies at $55(~Rs 168,500) and $56 (~Rs 172,000) and support at $52.85 (~Rs 164,000)

Support and Resistance