On COMEX, silver opened with an upside gap and climbed to an intraday high of $78.875 per ounce on Thursday, registering gains of nearly 1.50%.
In the domestic market, MCX witnessed heavy profit-booking ahead of the closing bell. As a result, the white metal ended the session down by ₹7,311 at ₹2,51,500 per kg on the MCX.
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Silver price today: Outlook for white metal
Commenting on the outlook, Anuj Gupta, Director at Ya Wealth, said COMEX silver is facing immediate resistance near $79 per ounce, with a major hurdle at $82. In such a scenario, prices could eventually move towards the $90 per ounce mark.
On the downside, Gupta noted that silver has initial support at $75 per ounce, followed by a key support at $72. A break below $72 could trigger further weakness, dragging prices towards the $68–$67 per ounce range.
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