Silver testing $75
Silver futures were trading around $73.27/oz on March 31 and are testing resistance near $75 as investors reposition amid fresh geopolitical headlines ( ). On India’s MCX, silver traded below ₹2.4 lakh per kilogram as traders adjusted portfolios to the volatility (livemint.com).
COMEX futures printed an intraday high just under $76, touching $75.955 while intraday technical resistance was flagged around $75.87. (comexlive.org) Global spot feeds showed silver trading near $74.05 per ounce in mid‑day New York trade, keeping spot and futures quotes closely aligned. (bullionexchanges.com) A softer dollar after comments that the U.S. could wind down operations in Iran helped underpin metals, with the U.S. Dollar Index down roughly 0.4% into April 1 as markets reacted to the remarks. (usnews.com) On India’s MCX, benchmark silver futures slid to about ₹2.39 lakh per kilogram as traders pared positions amid the volatility. (msn.com) Market structure showed heavy contract rolls and thin March liquidity — one report put March open interest down about 75% with large delivery notices and transfers into May and July. (silvertrade.com) Options and ETF flows signaled repositioning: SLV option chains displayed concentrated open interest at near‑term strikes such as $60, pointing to elevated hedging and speculative activity. (finance.yahoo.com)
