Gold, Silver Rebound After Historic Sell-Off, But Volatility Looms

Commodities
C
CNBC TV18•03-02-2026, 15:29
Gold, Silver Rebound After Historic Sell-Off, But Volatility Looms
- •Gold and silver show signs of stabilization after a significant sell-off, with gold dropping over 15% and silver over 30% last week.
- •Both metals have staged a rebound: spot gold up 5% and silver up 8% from recent lows, driven by bargain buying and short-covering.
- •Experts like Ross Maxwell (VT Markets) suggest improved US-India trade relations could reduce fear-driven gold demand, but inflation and geopolitical risks still support it as a hedge.
- •Hareesh V (Geojit Investments) attributes the correction to short-term catalysts like margin hikes and a stronger US dollar, expecting choppy trading ahead.
- •Aamir Makda (Choice Broking) notes gold's rebound to ₹1.53 lakh per 10 grams, with resistance at ₹1.54 lakh, while silver recovered to ₹2.69 lakh per kg.
Why It Matters: Gold and silver are recovering from a major sell-off, but experts warn of continued volatility despite the rebound.
✦
More like this
Loading more articles...





