International News
Silver prices fall 8% from intraday highs after futures make new record above $82
After touching $82, silver sees sharp intraday reversal
Silver prices retreated sharply in global markets, falling as much as 8% from their intraday record highs after futures surged to a new all-time peak above $82 an ounce. March silver futures touched an early-session high of $82.67, extending gains by another 7% following a massive 11% rally on Friday—the metal’s biggest single-day rise since 2008.
The move marked what could have been silver’s seventh consecutive day of gains, capping a gravity-defying rally that has now eclipsed even the historic short squeeze witnessed in October. However, the sharp intraday reversal reflects thin trading volumes amid the ongoing holiday season, a factor that has amplified price swings in both directions.
Despite the pullback, silver remains one of the strongest-performing commodities of the year. Prices are up nearly 180% so far in 2025, with three trading sessions still remaining. This puts the metal on track for its best calendar-year performance since 1979, when silver posted gains of more than 200%.
Market participants attribute the extraordinary rally to a combination of speculative inflows, persistent supply deficits, and robust industrial demand. Analysts note that paper trading positions are increasingly being settled with physical metal, exacerbating tight supply conditions and intensifying the price surge.
Supply constraints are also underpinning strength in platinum markets. Platinum futures rose sharply, with January contracts crossing the $2,500-an-ounce mark in early trade—levels not seen since data collection began in 1987. Platinum prices have already gained more than 40% in December alone.
In contrast, gold prices remained relatively subdued, trading little changed on the day while holding firmly above the $4,550-an-ounce level.
International News
Precious Metals Find Support On Ceasefire Optimism AUGMONT BULLION REPORT
Gold Is Trading At Y Oversold Levels Near The Critical Support Zone Of $4,300, Silver Testing Key Support In The $66–$67 Range
- Price Movement – Gold and silver are consolidating near key support levels as markets digest a fragile Israel-Iran ceasefire alongside mounting concerns over inflation and the prospect of further interest rate hikes.
- Geopolitical Developments – President Trump confirmed that both parties are pursuing an immediate ceasefire, with final negotiations advancing. Israel and Iran announced a mutual halt to hostilities following a direct appeal from Washington. However, Tehran cautioned that it reserves the right to resume strikes if Israeli operations against Hezbollah in Lebanon continue.
- Macro-economic Signals – CME FedWatch data shows markets now pricing a greater than 70% probability of a Fed rate hike by December. Investors are closely watching May’s U.S. CPI and PPI releases, due Wednesday, for clearer signals on the Fed’s policy trajectory. The European Central Bank is also widely expected to deliver a rate increase this week.
Technical Triggers
- Gold is currently trading at deeply oversold levels near the critical support zone of $4,300 (approximately Rs. 1,54,000). A technical rebound of 3–4% is anticipated from current levels, driven by bottom-fishing activity. However, a sustained break below this support would shift the near-term bias decisively lower, exposing the $4,000–$4,100 range (approximately Rs. 1,50,000–Rs. 1,51,500) as the next downside target.
- Silver is similarly oversold, testing key support in the $66–$67 range (approximately Rs. 2,40,000–Rs. 2,42,000). As with gold, a 3–4% technical recovery is the base case on dip-buying, but a confirmed sustainability below this support would accelerate selling pressure toward $60 (approximately Rs. 2,20,000) in the short term.
Support and Resistance
| International Gold Support Level International Gold Resistance Level Domestic Gold Support Level Domestic Gold Resistance Level | : $4300/oz : $4500/oz : Rs 154,000/10 gm : Rs 160,000/10 gm |
| International Silver Support Level International Silver Resistance Level  Domestic Silver Support Level Domestic Silver Resistance Level | : $66/oz : $75/oz  : Rs 240,000/kg : Rs 260,000/kg |
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