Hiren Garasondia's Research Gold and Silver

*Silver Rally Peaks: 5% Correction Expected*

Silver prices continued their sharp rally after the US markets opened on Thursday, once again touching fresh lifetime highs. Precious metals, especially in silver, extended gains as traders positioned ahead of the Federal Reserves anticipated rate cuts. Lower interest rates reduce the yield advantage on dollar based assets, boosting demand for non-yielding metals like gold and silver. At the same time, the global silver market is tightening rapidly due to deepening supply deficits and shrinking inventories.

Silver has surged more than 12% in the last four sessions, with March futures jumping from $57.770 to $64.720, and over 35% in the past 15 days, rising from $48.050 on 21st November to today’s high. Silver spot, XAGUSD also hit $64.335 per ounce.
Meanwhile, the Gold and Silver Ratio has fallen to a more than 4 year low, touching 66.64, as silver outperforms gold sharply. Gold has remained comparatively stable, while silver shows exceptional volatility and strength.

*Why the Gold and Silver Ratio Is So Volatile*

Rising industrial demand for silver from solar, EVs, electronics, and medical tech.
Global supply shortages and multi-year low exchange inventories.
Increasing investment interest in silver for superior risk and reward.
Expectations of Fed rate cuts, weakening the dollar and supporting metals.
Profit booking in gold, while silver continues its aggressive upward momentum.

In this environment, and as mentioned in my previous silver updates, I had recommended selling, but due to the rapidly falling Gold and Silver Ratio, silver pushed to new lifetime highs.

*My View Now*
This is the best opportunity to sell silver, as I expect a +5% correction and strong profit booking ahead, either today or upcoming sessions.

*Trading Strategy*
*Intraday Traders - Those without positions:*
Sell silver spot XAGUSD near the lifetime high at $64.335
Expected downside targets: $61 $60 $59 in the next sessions.

*Holding Traders - Those holding earlier sell positions at $57 $58 and facing losses:*
Average at the current peak levels and hold.
Expected downside targets: $61 $60 $59 in the next sessions.

*Traders, don not miss this opportunity, to selling at peak silver levels can help you recover previous losses and benefit from the expected correction.*

*Silver Overheats: Ideal Levels to Re Enter Sell Positions*

MCX Silver March futures continued their explosive rally, hitting a fresh lifetime high of ₹199220 per kg after the US markets opened. On Monday, prices were around ₹180651, and within just four sessions, silver surged more than 10%, marking one of the strongest short term rallies of the year.

In the international market, silver has gained over 12% in the last four sessions, with March futures rising from $57.770 to $64.720. Over the past 15 days, silver is up more than 35%, jumping from $48.050 on 21st November to today’s new peak. Silver spot (XAGUSD) also touched $64.335 per ounce, reflecting the strong global momentum.

Silver’s sharp move is driven by renewed buying interest after the US markets opened and expectations of upcoming Federal Reserve rate cuts. Lower interest rates weaken the dollar’s yield advantage and enhance the appeal of non yielding assets like silver. Meanwhile, tightening global supply, declining inventories, and widening deficits continue to add fuel to the rally.

At the same time, the Gold and Silver Ratio has dropped to a 4 year low of 66.64, indicating silvers strong outperformance. Gold has remained largely rangebound, while silver has shown extreme volatility and strong momentum.

As highlighted in my previous articles, I had advised selling around ₹191500, but the rapid decline in the Gold and Silver Ratio pushed silver to record highs near ₹200000.

According to my view, this is the perfect opportunity for traders to recover previous losses and re-enter fresh sell positions at the top.

Intraday Strategy
For traders without old positions or those who booked losses earlier:
Sell MCX Silver March futures near the lifetime high of ₹199220
Expected downside targets: ₹190000 – ₹188000 – ₹185000
Likely to come before closing or in upcoming sessions

Holding Strategy
For traders carrying earlier positions around ₹180000 levels:
Sell again at the peak around ₹199220 to average effectively
Hold for downside targets: ₹190000 – ₹188000 – ₹185000

Traders, do not miss this opportunity. Silver is overheated, and a strong profit booking phase is expected soon.

MCX Gold Feb Futures Near ₹133245: Best Levels to Sell for 3–4% Downside Targets

MCX {{8830|gold}} prices have been highly volatile over the last few sessions. After todays gap up opening, Gold February futures touched ₹133245 per 10g during the early Asian session.

Compared to the sharp rally in Silver March futures, gold has shown limited movement recently. At the same time, the Gold and Silver Ratio has fallen to a 4 year low of 66.64, highlighting {{8836|silver}}’s strong outperformance while gold remains comparatively stable.

Due to profit booking in the Gold and Silver Ratio prices and in precious metals, silver saw very limited movement today, but gold continued to rise after the gap up opening.

A supportive move in {{160|USDINR}} also contributed to gold’s upside. Recently, on 9th December, gold traded near ₹129150 range per 10 gram, and today it touched ₹133245, gaining more than 3% in four trading sessions, whereas silver surged nearly 12% this week.

Why Gold Typically Falls After Making a Fresh High

Profit booking by retail and institutional traders
Strengthening US Dollar Index
Rising US bond yields
Fed commentary or uncertainty around rate cuts
Overbought technical indicators

According to my analysis, profit booking is expected to begin in gold and silver from today onwards, before European and US markets open.

Intraday & Positional Strategy - MCX Gold February Futures

Sell at maximum levels near ₹133245
Downside targets: ₹129000 → ₹128000 → ₹127000 (today or next few sessions)
Stop loss: ₹133410

For Traders with Existing Sell Positions
Average or re-enter sell positions around ₹133245 before the European session
Hold for the same downside targets mentioned above

According to my view, this is the best opportunity for traders to recover earlier losses and initiate fresh sell positions in gold and silver at peak levels.

What is Next for MCX Gold & Silver After Lifetime Highs?

MCX precious metals opened with a sharp gap up today. MCX Gold February futures surged to ₹135249 per 10 gram, while MCX Silver March futures touched a fresh lifetime high of ₹206111 per kg during early morning trade.

In the international markets as well, momentum remained strong. Gold February futures traded near record highs at around $4373.40 per ounce, while Silver March futures climbed to a new all time high near $66.630 per ounce during Asian session trading.

Over the past two months, gold and silver prices have remained extremely volatile. This prolonged volatility has left traders confused and cautious. As highlighted in my previous articles, I have consistently advised selling gold and silver near lifetime highs, expecting a 5 to 7% corrective move.
However, in recent sessions, markets have followed a pattern of gap-up openings in Asia, followed by profit booking during US sessions, repeating almost daily.

After yesterday’s US news, precious metals continued to rise in US trade, but once again, silver pushed to a new lifetime high during today’s Asian session. Over the last two months, silver has been witnessing daily swings of 3 to 4%, creating extreme uncertainty. Today, gold and silver touched record levels of ₹135249 per 10 gram and ₹206111 per kg, respectively.

Adding to this volatility, the USDINR has also surged sharply, touching a record high near $91.070. Strength in USDINR has been a major supporting factor for MCX gold prices, pushing them closer to lifetime highs.

My View: Strong Profit Booking Expected

According to my analysis, markets are now positioned for a major corrective move:

Around 3500 points downside in MCX Gold February Futures
Around 11000 points downside in MCX Silver March Futures

This correction may occur today or anytime during this week.

Heavy profit booking is expected in gold and silver at these peak levels. This could be an ideal opportunity for traders to recover past losses.

Key Reasons for Expected Correction

Rising US Dollar Index
The Dollar Index has moved higher after touching around $97.50, and gold typically moves inversely to the dollar. Strength in the dollar pressures precious metals.

Record High USDINR Levels
USDINR touching $91.070, a lifetime high, signals overextension. Profit booking in USDINR may trigger downside pressure in MCX gold and silver.

Gold and Silver Ratio at Multi Year Low
The Gold and Silver Ratio has dropped to around $65.283, nearly a 5 years low today. After a continuous decline over the last two months, profit booking in the ratio is highly likely.

Overbought Conditions at Lifetime Highs
After touching record levels, precious metals often face sharp corrections due to aggressive profit booking.

Trading Strategy

MCX Gold February Futures

Gold touched ₹135249 per 10 gram today after a gap up opening. The lifetime high remains around ₹135496.

Intraday/Short Term Traders
Sell near ₹135249
Downside targets: ₹132000 ₹131000 ₹130000
Expected correction: 3500 points this week

For Traders with Existing Sell Positions
Average at higher levels near ₹135249
Hold for the same downside targets
This is an ideal zone to average and exit earlier sell positions profitably

MCX Silver March Futures

Silver rebounded sharply from last week’s low near ₹190077 and surged to a lifetime high of ₹206111 per kg after today’s gap up opening.

Intraday/Short Term Traders
Sell near ₹206111
Downside targets: ₹195000 ₹192500 ₹190000
Expected correction: 11000 points this week

For Traders with Existing Sell Positions
Traders holding sell positions near ₹180000 can average at lifetime highs
Consider increasing quantity cautiously
Exit expected near ₹195000 ₹192500 ₹190000

Are you ready, traders?

This could be a golden opportunity to capitalize on profit booking at lifetime highs in MCX gold and silver. New traders should not miss this phase, as sharp corrective moves are likely in the coming sessions.

*Silver Spot XAGUSD Price Climbs to Fresh Record High*

Silver March futures touched a new all-time high near $66.630 per ounce during early Asian trading, while spot silver XAGUSD also recorded a lifetime high around $66.522 per ounce.

Expectations of US Federal Reserve Rate Cuts
Anticipation of interest rate cuts by the US Federal Reserve has weakened the US dollar and reduced bond yields. Lower rates increase the attractiveness of non yielding assets like silver, driving prices higher.

Tight Global Supply & Falling Inventories
Global silver inventories are declining sharply, with several exchanges reporting multi year low stock levels. Ongoing supply deficits have created scarcity, pushing prices to record highs.

Sharp Fall in Gold and Silver Ratio
The Gold and Silver Ratio has dropped to a multi-year low, indicating strong silver outperformance over gold. This shift attracts traders and investors toward silver, accelerating upside momentum.

Strong Investment & Speculative Buying
Silver is seeing increased inflows from traders and institutions due to its higher volatility and better short-term returns compared to gold, leading to aggressive buying at higher levels.

Weakness in the US Dollar Index
A softer US dollar makes commodities priced in dollars cheaper for global buyers, further boosting silver demand.

Technical Breakout & Momentum Buying
Silver has broken multiple long-term resistance levels, triggering technical buying, stop-loss covering, and momentum driven trades, pushing prices to lifetime highs.

Geopolitical & Economic Uncertainty
Ongoing global economic and geopolitical risks continue to support precious metals as safe-haven assets, with silver benefiting from both safe haven and industrial demand.

After yesterday’s US news, precious metals such as gold and silver continued their upward momentum in the US markets. However, during today’s Asian session, silver once again surged to a fresh lifetime high. Over the past two months, silver prices have been witnessing sharp daily movements of nearly 3 to 4%, creating extreme volatility and uncertainty among traders. In such market conditions, traders are highly confused and cautious due to the persistent volatility in precious metals over the last two months. As highlighted in my previous articles, I have consistently suggested selling gold and silver near lifetime highs, anticipating a 5 to 7% corrective move in the upcoming sessions. However, over the past week, the market has shown a pattern of gap up openings in Asian sessions, followed by declines during US trading hours, only to repeat the cycle the next day.

*From my perspective, profit booking in silver is likely in the coming days.*

*Trading Strategy - Silver Spot XAGUSD*

Traders holding old short positions near the $58 range are advised not to panic or book heavy losses at current levels. If feasible, averaging near the lifetime high around $66.522 and waiting for lower targets could be a better approach.

For intraday traders, current levels present a selling opportunity. Selling silver spot near $66.522 with downside targets of $63 $62 $61 in the coming sessions could be considered.

Overall, traders should remain disciplined, trade with proper SL, and avoid emotional decision making in this highly volatile environment.

mcx....Open gap down....134770 to 134000 Gold and 207060 to 204000 before 2pm....

Gold(XAUUSD) at Record Highs: Is Profit Booking Around the Corner?

Precious metals such as gold and silver have been on a strong upward trend for the past eight weeks, hitting fresh record highs as expectations of future US Federal Reserve rate cuts and rising geopolitical tensions continue to boost safe haven demand.

At the start of almost every new week, markets have been opening with gap ups during Monday’s Asian sessions, and the bullish momentum has largely continued until Friday. This has made traders extremely cautious, as gold has been witnessing daily moves of 1.5%–2%, while silver has seen even sharper swings of 3%–4% in recent sessions.

Gold prices have climbed relentlessly over the last eight weeks. On 28th October, gold spot XAUUSD traded near $3886.49 per ounce, and after a continuous rally, prices touched a lifetime high of $4497.82 per ounce today. At the same time, Gold February futures also reached a record high near $4530.30 per ounce during early Asian trading.

As highlighted in my previous articles, precious metals have been showing large daily price swings, making intraday trading a safer and more effective strategy in the current volatile environment. Thin trading volumes due to year end holidays have further amplified price movements, pushing gold and silver to new highs again during todays Asian session.

Many traders holding old sell positions near the $4200 level are now confused about whether to book losses or adjust their strategy. According to my view, profit booking is likely to begin from today onwards in precious metals such as gold and silver.

Intraday Strategy - Gold Spot (XAUUSD)
Sell near lifetime high: $4497.82
Stop-loss: $4545
Downside targets: $4440 - $4420 - $4400 (expected today)

For Traders with Old Sell Positions
Traders holding sell positions around the $4200 range should avoid booking heavy losses at lifetime highs. Instead, they may consider adding to sell positions (double or triple quantity) near current peak levels and look to exit near the above targets today or in the coming sessions.

Record High Alert in MCX Gold & Silver
MCX gold and silver prices surged to fresh lifetime highs today after opening with a strong gap up. MCX Gold February futures climbed to around ₹138496 per 10 grams, while MCX Silver March futures touched a new record near ₹218755 per kg.
In international markets as well, momentum remained strong. Gold spot XAUUSD hit a lifetime high of $4497.82 per ounce, while Silver spot XAGUSD also reached a new record near $70.626 per ounce. Thin trading volumes due to year-end holidays further amplified volatility, pushing precious metals to new highs once again during today’s Asian session.
Over recent weeks, markets have repeatedly opened with gap up during Monday’s Asian sessions, with bullish momentum extending through the week. This pattern has made traders increasingly cautious, as gold has been witnessing daily moves of 1.5%–2%, while silver has shown even sharper 3%–4% daily swings. Precious metals have now been in a strong uptrend for nearly eight consecutive weeks, supported by expectations of future US Federal Reserve rate cuts and rising geopolitical uncertainties, which continue to fuel safe haven demands.
As discussed in my earlier articles, such sharp and frequent price movements make intraday trading a safer and more effective strategy in the current highly volatile environment.
According to my view, significant profit booking is likely to emerge today before the US market opens or over the next few sessions.
Intraday Trading Strategy
MCX Gold February Futures
Sell near: ₹138490-138590 range (lifetime high zone)
Stop Loss: OPEN
Downside Targets: ₹137500 - ₹137000 - ₹136000
Expected before today’s close or within the next 1/2 sessions.
MCX Silver March Futures
Sell near: ₹218700-219000 range (lifetime high zone)
Stop Loss: OPEN
Downside Targets: ₹214000 - ₹212000 - ₹210000
Expected before today’s close or within the next 1/2 sessions.
Conclusions
Precious metals are trading at extreme levels after a prolonged rally. At these lifetime highs, profit booking is highly likely, making intraday sell-on-rise strategies more suitable than fresh buying.

XAGUSD Surges 69% in Two Months, Intraday/Holding Strategy in Focus

Silver prices once again opened with a strong gap up during the morning Asian session today, hitting a fresh lifetime high. The market has become extremely difficult for traders to interpret, as daily volatility of 3%–4% in silver has now become common over the past two months.

On 28th October, silver spot XAGUSD was trading near $45.543, and since then prices have surged sharply to a new lifetime high of $72.705 per ounce during today’s Asian session, marking an impressive nearly 69% rally in just two months. Silver March futures also touched a fresh record high near $72.750 today.

In recent weeks, markets have frequently opened with gap ups during Monday’s Asian sessions, with bullish momentum continuing throughout the week. This trend has made traders increasingly cautious, as gold has been experiencing daily moves of 1.5%–2%, while silver continues to show much sharper 3%–4% swings.

Precious metals such as gold and silver remain in a strong uptrend, supported by expectations of future US Federal Reserve rate cuts and ongoing geopolitical uncertainties, which are driving safe haven demands.
Additionally, thin trading volumes due to year end holidays have further amplified volatility, pushing silver to new highs once again.

As highlighted in my earlier articles, such sharp and frequent price movements make intraday trading the safest and most effective approach in the current highly volatile environment.

Given these conditions, traders are extremely cautious about where and how to trade, especially in silver spot XAGUSD. In my view, this is an ideal zone to initiate sell positions strictly on an intraday basis, with disciplined stop loss. Traders holding older positions may consider averaging at these lifetime high levels and aim to exit at cost once prices correct. Post the extended rally, heavy profit booking is likely in gold and silver, with all targets expected to be achieved this week.

Intraday Trading Strategy - Silver Spot XAGUSD:
Sell zone: $72.700 - $72.800 range
Stop Loss: $73.500
Downside Targets: $71.300 - $71.000 - $70.000
Timeframe: Today or next 1/2 sessions

For Holding Traders:
Those holding earlier sell positions near the $69/70 range may consider adding double or triple positions at current lifetime highs and look to exit on the expected downside correction.

Conclusions:
You can also refer to yesterday’s intraday sell call in gold at lifetime highs, where Target 1 has already been achieved. This further supports my view that intraday trading remains the safest and most effective strategy in gold and silver under current market conditions. Holding positions carries higher risk, as profit booking is likely very soon, and prices may correct toward the above mentioned ALL TARGETS this week.

MCX Gold and Silver Hit Record Highs - Time for Sharp Corrections?

MCX gold and silver prices opened with a strong gap up today and once again touched fresh lifetime highs. MCX Gold February futures climbed to ₹138676 per 10 grams, while MCX Silver March futures surged to ₹224300 per kg. Over the past two months, market conditions have become increasingly difficult for traders, with silver witnessing daily volatility of 3%–4%, making price direction hard to interpret.

In such an environment, traders remain highly cautious about entry levels, stop losses, and exit strategies, especially if they are already holding old positions in MCX gold and silver. A key concern is whether to continue holding, average positions, or book losses.

Precious metals continue to trade in a strong uptrend, supported by expectations of future US Federal Reserve rate cuts and ongoing geopolitical uncertainties, which are driving safe-haven demand. Additionally, thin year end trading volumes have further intensified volatility, pushing silver to new highs once again.

As mentioned in my earlier articles, frequent and sharp price swings make intraday trading the safest and most effective approach in the current market scenario. This view was further validated yesterday, when my intraday sell call in gold at lifetime highs achieved Target 1, reinforcing that holding positions carries higher risk at these elevated levels.

With profit booking expected to begin anytime from today onward, possibly before US markets open, we may see sharp corrections in MCX gold and silver. A potential downside of more than 7500 points in gold and 19000 points in silver cannot be ruled out this week, with projected targets near ₹131000 for gold February futures and ₹205000 for silver March futures.

Trading Strategy
MCX Gold February Futures
Intraday Sell: ₹138670 - ₹138770
Stop Loss: ₹140000
Downside Targets: ₹134000 - ₹132000 - ₹131000 (expected this week)

For traders holding old sell positions, this is an opportunity to average with double or triple quantity near lifetime highs and aim to exit at the above targets.

MCX Silver March Futures
Intraday Sell: ₹224300 - ₹224700
Stop Loss: ₹228900
Downside Targets: ₹212000 - ₹210000 - ₹205000 (expected this week)

Traders with existing sell positions may also consider averaging at current lifetime highs and exit on expected corrections.

If MCX Gold reaches 131000 and Silver touches 205000, traders should not miss the opportunity to book profits. At these levels, the potential profit is around ₹13.5 lakh per lot, and nearly ₹1.35 crore for 10 lots combined in gold and silver. This move can also help traders recover previous losses effectively.

Conclusion
If profit booking accelerates from today onward, especially before US market hours, we may witness a 5% correction in gold and up to 8% correction in silver from lifetime highs in the coming days. Intraday trading remains the safest strategy in this highly volatile phase, while positional holding carries elevated risk.

Record Breaking Week in Gold & Silver - Time for Profit Booking
Gold and silver prices witnessed an explosive rally this week, reaching fresh lifetime highs across both spot and futures markets.

Gold spot XAUUSD surged nearly 5% this week, rising from $4337.90 on Monday to a lifetime high of $4550.11 per ounce on Friday. Gold February futures also touched a new record, trading near $4584.00 per ounce.

Silver delivered an even stronger performance. Silver spot XAGUSD jumped almost 18% this week, rallying from $62.297 on Monday to a lifetime high of $79.327 per ounce on Friday, while Silver March futures reached $79.700.

Precious metals extended their powerful year end rally as investors rushed toward safe haven assets amid escalating geopolitical tensions and a weakening US dollar. Friday alone saw exceptional volatility, with gold gaining around 2% and silver posting a double digit move in a single session, a rare and historic development, especially for silver. Silver continued to outperform gold, supported not only by its defensive appeal but also by strong industrial demand, particularly from electronics and clean energy sectors. Geopolitical developments further fueled safe haven demand. Rising concerns over oil supply disruptions linked to US pressure on Venezuela, along with US military actions in multiple regions, heightened global uncertainty.

Another key development was the sharp collapse in the Gold and Silver Ratio, which dropped to 57.135, its lowest level in over 12 years, and fell more than 8% in a single session, reaching levels last seen in April 2013. This move reflects extreme silver outperformance.

Notably, currency markets and the US Dollar Index showed limited movement, while strong investment inflows and thin holiday trading volumes amplified price swings in precious metals.

Outlook & Strategy
Given the extreme volatility and extended rally, I now expect profit booking and corrective moves in the coming week. With holiday thinned trading conditions continuing, sharp price movements remain likely.

I recommend initiating maximum short positions at lifetime highs and holding into next week.

Trading Strategy
Gold Spot XAUUSD
Sell: Near $4550.11
Stop Loss: $4650
Targets: $4460 $4440 $4420 (TGT in next week)

Silver Spot XAGUSD
Sell: Near $79.327
Stop Loss: $82.500
Targets: $74 $73 $72 (TGT in next week)

In my view, gold may correct by 2 to 3%, while silver could see a sharper 7 to 10% downside in the coming sessions.

Intraday and Weekly Gold and Silver Spot Stategy

Gold and silver prices witnessed an explosive rally last week, reaching fresh lifetime highs across both spot and futures markets.

Gold spot XAUUSD surged nearly 5% last week, rising from $4337.90 on Monday to a lifetime high of $4550.11 per ounce on Friday. Gold February futures also touched a new record, trading near $4584.00 per ounce.

Silver delivered an even stronger performance. Silver spot XAGUSD jumped almost 18% last week, rallying from $62.297 on Monday to a lifetime high of $83.987 per ounce on today and again Life High at Morning Asian Market, while Silver March futures reached $82.615 today morning.

Precious metals extended their powerful year end rally as investors rushed toward safe haven assets amid escalating geopolitical tensions and a weakening US dollar. Friday alone saw exceptional volatility, with gold gaining around 2% and silver posting a double digit move in a single session, a rare and historic development, especially for silver. Silver continued to outperform gold, supported not only by its defensive appeal but also by strong industrial demand, particularly from electronics and clean energy sectors. Geopolitical developments further fueled safe haven demand. Rising concerns over oil supply disruptions linked to US pressure on Venezuela, along with US military actions in multiple regions, heightened global uncertainty.

Another key development was the sharp collapse in the Gold and Silver Ratio, which dropped to 57.135, its lowest level in over 12 years, and fell more than 8% in a single session, reaching levels last seen in April 2013. This move reflects extreme silver outperformance.

Notably, currency markets and the US Dollar Index showed limited movement, while strong investment inflows and thin holiday trading volumes amplified price swings in precious metals.

Outlook & Strategy

Given the extreme volatility and extended rally, and market open Gap UP today also in Gold and Silver, I now expect profit booking and corrective moves in this week. With holiday thinned trading conditions continuing, sharp price movements remain likely.

I recommend initiating maximum short positions at lifetime highs and holding into this week.

Trading Strategy

Gold Spot XAUUSD

Sell: Near $4545-4555 range
Stop Loss: $4650
Targets: $4460 $4440 $4420 (TGT in this week)

Silver Spot XAGUSD

Sell: Near $83.800-84.000
Stop Loss: $87.900
Targets: $74 $73 $72 (TGT in this week)

In my view, gold may correct by 2 to 3%, while silver could see a sharper 12 to 15% downside in the coming sessions.

*Record Rally in MCX March Futures Silver: Ideal Levels for Intraday Sell Trades*
MCX precious metals, especially silver, remain extremely volatile, including during today’s early Asian session. Silver continues to outperform gold, showing significantly sharper price movements.
Last Friday, MCX silver witnessed a sharp rally, reaching a lifetime high of ₹242000 per kg before closing near ₹240600. The metal surged by more than ₹17600 in a single session, marking a record breaking one day move in MCX silver.
In recent weeks, markets have consistently opened with gap ups during Monday’s Asian sessions, with bullish momentum often continuing throughout the week. This trend has made traders increasingly cautious, as gold has been moving 1.5%–2% daily, while silver has been showing even higher volatility of 3%–4% per session.
Precious metals are now in a strong uptrend for nearly nine consecutive weeks, supported by expectations of future US Federal Reserve rate cuts and rising geopolitical tensions, which continue to drive safe-haven demand.
Continuing this pattern, MCX silver once again opened with a gap-up and fresh lifetime high at the start of the week. MCX Silver March futures surged more than 6% at the open, hitting a new record high of ₹254174 per kg today. As highlighted in my earlier articles, such sharp and frequent price swings make intraday trading the safest and most effective strategy, especially in highly volatile markets like gold and silver.
In my view, heavy profit booking is likely to emerge before the US markets open today or over the next few sessions. After today’s gap up and fresh lifetime high, a sharp corrective move is expected in silver, *potentially exceeding 15000 points.*
Traders should not miss this opportunity to capture maximum intraday profits in silver during this phase of extreme volatility.
*Intraday Trading Strategy, MCX Silver March Futures*
Sell near: ₹254100 - ₹254600 (lifetime high zone after gap up)
Stop Loss: Open / as per risk management
Downside Targets: ₹240000 - ₹238000 - ₹235000
Expected within today’s session or over the next 1/2 trading sessions.

MCX Gold Futures Overheated: Why Intraday Selling Makes Sense Near Record Levels


MCX precious metals, particularly gold and silver, remain extremely volatile, including during today’s early Asian trading session. Silver continues to outperform gold with far sharper price movements, while gold also opened with a gap up and traded close to its lifetime highs. Last Friday witnessed an exceptional rally across precious metals. MCX Gold February futures touched a fresh lifetime high near ₹140465 per 10 grams, while MCX Silver March futures surged by over ₹17600 in a single session, marking one of the strongest one-day moves ever seen in MCX silver.


Such market conditions have left traders highly cautious about entry points, stop loss placement, and exit strategies, especially those holding older positions in gold and silver. The key dilemma remains whether to continue holding, average positions, or book losses at elevated levels.


Gold and silver continue to trade in a strong uptrend, supported by expectations of future US Federal Reserve rate cuts and ongoing geopolitical uncertainties that are driving safe-haven demand. Thin year end trading volumes have further amplified volatility, pushing prices to fresh record highs.


As consistently highlighted in my earlier articles, frequent and sharp price swings make intraday trading the safest and most effective approach in the current environment. This view was reinforced recently when my intraday sell call in gold at lifetime highs successfully achieved Target 1, confirming that holding positions carries higher risk at such stretched levels.


Over the past several weeks, markets have repeatedly opened with gap-ups during Monday’s Asian sessions, with bullish momentum often extending through the week. Gold has been moving 1.5%–2% on a daily basis, while silver has shown even higher volatility of 3%–4% per session.


Continuing this pattern, MCX Gold and Silver once again opened with a gap-up at the start of the week. MCX Gold February futures traded near lifetime highs around ₹140444 per 10 grams in today’s morning session, while MCX Silver March futures jumped over 6% at the open, hitting a new record high of ₹254174 per kg.


In my view, heavy profit booking is likely before the US markets open today or over the next few sessions. After today’s gap-up and fresh highs, a corrective move of around 2000 points in gold cannot be ruled out.


Traders should not miss this opportunity to capture maximum intraday profits in gold during this phase of extreme volatility.


*Intraday Trading Strategy, MCX Gold February Futures*


Sell Zone: ₹140440 - ₹140540 (lifetime high zone after gap-up)
Stop Loss: As per risk management
Downside Targets: ₹139000 - ₹138000 - ₹137000


Expected within today’s session or over the next 1/2 trading sessions.

All TGT yesterday. Major movement today in Gold and Silver today also.
Gold and Silver update: wait 4330 or again 4460 Gold Feb Futures and wait 70.000 or again 78.000 Silver March Futures before US open....

Intraday trading safe....sell max and wait 135200 and 231000 before 5pm....Profit 330000 per lot gold and silver today alsooooo

*Extreme Volatility in Precious Metals like Gold and Silver: Big Profit Opportunities for Traders*


Gold and silver prices have remained highly volatile since the beginning of this week. On Monday, the market opened with a sharp gap up, pushing prices to record levels of ₹140444 in gold and ₹254174 in silver.


As I had already highlighted in my earlier articles, after breaking record highs, the market witnessed a sharp crash. On the same day, gold fell by more than 4.5%, while silver declined by nearly 12.5%, marking one of the largest single day movements in the history of these precious metals.


Following Monday’s steep correction, silver again saw profit booking, and prices rebounded on Tuesday. Silver surged nearly 12% to hit the upper circuit at ₹251360, while gold recovered to around ₹137182 before market close.


According to my analysis, there is a strong possibility of a gap down opening on Wednesday, followed by heavy selling pressure and large scale profit booking later this week.


Traders should not miss this opportunity, as significant profits are possible in gold and silver during the current volatility phase.


*Trading Strategy (Intraday & Weekly)*
Sell Gold near: ₹137182
Sell Silver near: ₹251360 (upper circuit zone)


Expected Weekly Targets:
Gold: ₹132000
Silver: ₹220000


If you are holding old positions, consider averaging at higher levels and plan to exit near the mentioned targets within this week.

Gold Feb Futures Update:4435 range to 4285.50 today.....see yesterdays STBT sell call....wait 4200 or again 4500 Gold Feb Futures this week....

Silver March Futures Update:77.940 range to 70.315 today.....see yesterdays STBT sell call....wait 64.000 or again 80.000 Silver March Futures this week....

mcx...Intraday call....136880 to 136000 Gold and 244990 to 239000 Silver before 5pm...

Gold Feb Futures Update: 4414.65 range to 4370 4350 4330 in next few minutes....
Silver March Futures Update: 73.700 range to 72.500 71.500 70.500 in next few minutes....
Gold and Silver....Market crashed in next few minutes....
Trade and Sell Maxxxx