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Silver may fall further before finding a bottom, says Anmol Silver CEO

Grade Bbearish AI signal$XAG
Silver could face further losses, with Anmol Silver CEO Kishore Roonwal warning that the metal has not yet reached a bottom despite correcting about 25% from its highs this year. Roonwal sees potential declines to ₹1.75-1.80 lakh on MCX and ₹1.80-1.85 lakh in the physical market, as higher US interest rates, rising crude oil prices and geopolitical uncertainty weigh on precious metals. Silver could remain under pressure in the near term, although sustained lower prices may attract festive-season buyers and support physical demand.

Bullish strength: 25/100

  • Lower silver prices are attracting customers back to jewellery stores ahead of Diwali.
  • Roonwal expects investment demand for bullion and coins to improve at lower price levels.
  • Silver has found some support near ₹1.92 lakh on MCX.

Bearish strength: 75/100

  • Roonwal expects silver prices to fall further and believes the bottom has not been reached.
  • Potential downside targets are ₹1.75-1.80 lakh on MCX and ₹1.80-1.85 lakh in the physical market.
  • Higher US interest rates, rising crude oil prices and geopolitical uncertainty are weighing on precious metals.
  • The recent rebound lacked strength, with silver giving up gains during the trading session.

This is automated NewsSignals analysis of third-party reporting, not independent original reporting or investment advice. AI scores are not price predictions.

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