Silver volatile from plunge amid physical tightness, China/India demand
Key Questions
What is the current trading range for silver?
Silver is volatile between $72-73.73 in NY and SH markets post-NFP, eyeing $74-75+ with support at $70 after $62 lows. The gold-silver ratio is at 64:1.
What COMEX data indicates tightness in silver?
COMEX stocks are at 76.4Moz, down 13%, with 7.48x leverage, 44M delivered, and shorts at 356Moz. This suggests physical tightness amid dealer panic.
How is demand from China and India affecting silver?
China premiums are at 12%, with PSLV at a discount signaling physical tightness. Strong demand from China and India contributes to the squeeze potential.
What are the bullish targets for silver?
Squeeze targets remain at $110+ despite recent plunges. Forecasts suggest potential highs by end of 2026 amid breakout signals.
Why has silver outperformed gold recently?
Silver surged 6% to $77 on U.S.-Iran ceasefire optimism, outshining gold. The 64:1 ratio has flashed a major signal not seen in 15 years.
$72-73.73 NY/SH trap post-NFP eyeing $74-75+ vs $70 supp post-$62 lows/GSR64:1; COMEX76.4Moz -13%/7.48x lev/44M del/shorts356Moz; China prem12%/PSLV disc/dealer panic; squeeze tgts $110+ bull intact.