Trump's backtracking/postponing on so-called Unilateral trade tariffs on Mexico and Canada will not alter the overall bullish trend in gold and silver. However, two percent intraday price moves and more can be there for the next thirty days. Gold and silver can be a day trader's paradise and a nightmare for those investing at the current price.
I will be closely watching the Chinese demand for gold and silver during their Lunar New Year celebrations. Chinese retail spending numbers as well. Will Chinese masses opt to increase buying all forms of gold and silver or will be opt for other stuff during their new year? Below-par Chinese retail spending in gold and silver can result in sharp corrections at times. (if and when there are other supportive factors.). China is important for trends in gold and silver and not just India. Usual factors are there but China is equally important for precious metals.
What next by Trump? Is keeping traders on the edge. This fella and his team can do anything anytime. When the world sleeps, Team Trump will say or do something that creates rumble and tumble in the selected asset class.
As a trader, getting right the pace of rise or the pace of fall is the key. I would prefer to ignore all the stuff and trade in the technical for the short term. Medium-term investment and long-term investment, Yeah, I will closely try to gauge the impact on my investment due to measures implemented by Team Trump. Just remember that no asset class is immune to news from Team Trump.
CME SILVER MARCH 2025 – Current price $3230.70
- TODAY’S VIEW: Silver March (2025) has to trade over $3195 to rise to $3365.00, and more.
- Crash or sell-off will be there if and only if Silver March trades below $395.00 after London opens and the days close.
(The above views are intraday)
Disclaimer
- The investment ideas provided is purely independent view point and are solely for collective learning and for academic interests. There is no commercial benefit accruing or have deemed to accrue to me out of providing such investment ideas.
- The investment ideas shared here cannot be construed as investment advice or so. If any reader is acting on these advices, they are requested to apply their prudence and consult their financial advisor before acting on any of the recommendations made here. I am not responsible to anybody in the event of profits and losses (if any) upon acting on such advice.
- I hope that our reader is aware about this well aware of the risk involved in trading in commodity derivative trading.
Disclosure: I trade in India's MCX commodity exchange. I have open positions in India's MCX commodity future. I do not trade in CME future or OTC spot gold and spot silver.
NOTES TO THE ABOVE REPORT
- ALL VIEWS ARE INTRADAY UNLESS OTHERWISE SPECIFIED
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- PLEASE NOTE: HOLDS MEANS HOLDS ON DAILY CLOSING BASIS
- PLEASE USE APPROPRIATE STOP LOSSES ON INTRA DAY TRADES TO LIMIT LOSSES.
- THE TIME GIVEN IN THE REPORT IS THE TIME OF COMPLETION OF REPORT
- ALL PRICES/QUOTES IN THIS REPORT ARE IN US DOLLAR UNLESS OTHERWISE SPECIFED.
- ALL NEWS IS TAKEN FROM REUTERS NEWSWIRES.
- TECHNICAL ANALYSIS IS DONE FROM TRADINGVIEW SOFTWARE