The vigorous decline in silver prices has been recorded and the expressions dropped by 2.43% to the level of Rs 1,82,576. The biggest pressure on the market came firmly of the US dollar index, which jumped to the level of 102. The inflation data that were stronger than expected in the U.S. has decided that the Federal Reserve may retain further increases in interest rates in the coming days
U.S. CONSUMER PRICE INDEX (CPI) ACCELERATED 0.4% DURING OCTOBER, WHILE ESTIMATES WERE IMPOSED BY 0.3%. WHILE CORE CPI ALSO GREW 0.3% CONTINUOUSLY FOR THE THIRD MONTH, MORE THAN 0.2% ESTIMATE. SIMULTANEOUSLY STRONG LABOUR DATA AND UNEMPLOYMENT RATE COMPONENTS COME TO 4.1%, STRESSING THAT THE FED MAY REJOICE ANOTHER IN RATES AT THE NEXT MEETING OF 8-9 DECEMBER. IN THE WEEK ENDED ON NOVEMBER 3, THE SATURIA LONG POSITIONS WERE ALSO 238 CONTRACT COMPONENTS 2,665, MAKING THE MARKET WEAKNESS NEAT
Fresh figures of demand and supply:
On the front of the demand on the other hand, the weakness is also found. The silver sale of Perth Mint left the month-to-month 36% componenter 3,88,536 ounces in October, recorded 6,05,408 ounces in September. Investors are currently making a distance from safe investment and bullion due to increasing interest rates
While speaking of long-term fundings, global silver market despite short-term concerns is expected to enter a continually sixth year supply deficit in 2026. This reduction can reach 46.3 million ounces from 2025 to 40.3 million ounces. From 2021 to so far, about 762 million ounces of silver have been fired from global inventory, which shows that the quarries and supply chains have persistent problems. During the weak economic conditions, 3% of the industrial demand in 2026 could lead to a reduction of 2% in total demand by going to the lower level of four years, but the demand for coins and bars may increase by returning interest to American investors. Also the silver stock is increased by 1.95% in London Vaults by the end of September to 28,985 tonnes
Technical Analysis (Technical Levels):
Newly sold pressure in silver on technical chart is clearly visible. The open interest saw a slight edge of 0.06% in open interest with a huge drop of Rs 4,551 in the sense, which is now on 17,021 contracts. This is a clear sign of becoming new short positions
The first major support on the bottom side for silver as per the chart is made at Rs 1,81,120. If this level breaks, prices can fall up to Rs 1,79,650. There is the first string resistance at Rs 1,85,180 on the top. The next stop can be Rs 1,87,780 if the market succeeds in getting above this level
Conclusions for silver traders:
Strong U.S. dollars and Federal Reserve’s interest rates are expected to remain close future pressure on silver due to increased fear. In such an environment, traders should avoid making purchases without solid stopLos and remain alert when existing support breaks