Short-Term Price Outlook

Technical indicators suggest a potential 6–8% rebound as silver enters oversold territory.

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Short-Term Price Outlook

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Short-Term Price Outlook
Technical indicators suggest a potential 6–8% rebound as silver enters oversold territory.
Technical indicators currently signal potential short-term rebound momentum in silver. After correcting to ₹2.40 lakh levels, silver futures displayed signs of capitulation selling. The Relative Strength Index (RSI) near 32 signals oversold territory. Technical analysts anticipate a 6–8% rebound toward ₹2.70 lakh as industrial consumers restock inventories. Relief rallies often follow sharp liquidations, particularly in commodities facing ongoing structural supply deficits.
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