Buy Silver DEC @ 72000 SL 71400 TGT 72800-73200. MCX - Kedia Advisory
Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel
SILVER
Observations
Silver trading range for the day is 71200-74280.
Silver dropped as dollar index firms at 6-month high Pressure seen amid expectations of higher-for-longer interest rates as the US economy is doing much better than other major economies.
The ISM Services PMI in the US unexpectedly rose to a six-month high in August while PMIs for China and Europe disappointed.
Fed is expected to maintain interest rates steady this month, and the likelihood of a 25bps increase in November currently stands at 47%.
BUY SILVER DEC @ 72000 SL 71400 TGT 72800-73200. MCX
To Read Complete Report & Disclaimer Click Here
Views express by all participants are for information & academic purpose only. Kindly read disclaimer before referring below views. Click Here For Disclaimer
