Silver may slide to $48 as momentum selling deepens
In short
Silver may fall to $48 in the short term as selling pressure gets worse, according to Mirae Asset Sharekhan. The note also said silver still looks attractive for long-term stacking.
This matters for traders and buyers because the metal could be weaker soon even if the longer-term view is better. The report did not say how fast the move could happen.
What the reporting says
Silver may slide to $48 in the short term as momentum selling deepens, according to the market note from Mirae Asset Sharekhan. The same report said silver is still attractive for stacking on a medium-to-long-term horizon, but it did not provide a current price, a timing target, or evidence of the selling pressure. The near-term direction is uncertain beyond the warning.
Why it matters
Mirae Asset Sharekhan said silver may slide to $48 as momentum selling deepens, while also describing the metal as attractive for medium-to-long-term stacking. The note gives a downside level but not the current price, timeframe or catalyst. That leaves the short-term market path uncertain, even though the caution is clearly bearish for near-term traders.