A TECHNICAL UPDATE ON SILVER IN $ DOLLAR TERMS-30.1.2026

 

SILVER IN $ DOLLAR TERMS

All-Time High:-$121.62 made on 29.1.2026.

Recent Low:-$70.56 made on 29.12.2025.

CMP-$108.97 on 30.1.2026 at 9.23 AM. 

It is in the strong long term uptrend but since it has been vertically moving up for quite some time therefore the fear of correction or vertical fall was always there and on 29.1.2026 it had a wild swing both ways and finally gotten into correction mode. Its correction threshold points are $114.26---113.32---110.35---109.57---103.67---99.66 and it is below four of these points now and if it sustain below these points then it could broadly come down to $108.18—106.03—103.67----102.35---99.87---97.80---96.68, please note that it could bounce back from any of these points and starts to move up, but if it moves below $96.68 and sustain on the closing basis then it could come down to $90.44 or lower, please note that it will resume the uptrend again once it moves above $114.26 and sustain on the closing basis and then the upside target could be $121.62---128---143---166 or higher. 

It is important to mention here that it is into correction mode only as of now but the strong long term uptrend is still intact. Therefore it is suggested to watch-out how correction culminates and act accordingly. 

IMPORTANT NOTE: - THE TECHNICAL SETUP IS VERY STRONG AS OF NOW FOR THE CONTINUATION OF THE UP-MOVE AND IT IS IN THE STRONG LONG TERM UPTREND. BUT, FEW IMPORTANT TECHNICAL INDICATORS SPEAKS OTHERWISE AND IT MAY GET INTO CORRECTION ANY TIME, THEREFORE IT IS SUGGESTED TO BE ALERT, WATCHFUL AND CAUTIOUS IN YOUR TRADE. PLEASE DO NOT TRADE OR INVEST WITHOUT STOP LOSS.

NOTE: - It is a technical assessment as of now, the technical interpretation changes with the price movement and time; therefore it has to be reviewed at regular intervals.

Disclaimer:-The view expressed here are solely of the author and he is not at all responsible in any way for the outcome of the trade you enter based on the above view. This is purely for educational purpose only.

 

Kindly note that make your cost your stop loss in favorable  trade and then trail it as the price move up/down to gain maximum profit and avoid losses. Use support and resistance levels as entry, exit, target and trailing stop loss points. DO NOT TRADE WITHOUT STOP LOSS.

 

Note: Price stated here are of spot market.

 

Contact me for strategic guidance to enter and exit trade.

 

Thanks 

Narendra Kumar Surana

suranank@gmail.com

Mobile—8240951127/9831313654.