Buy Silver Mar 2023 @ 68300 SL 67700 TGT 69000-69500.MCX - Kedia Advisory
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SILVER
Silver trading range for the day is 67194-70366.
Silver rose as investors welcomed weaker-than-expected US CPI data, and braced for interest rate decisions from major central banks.
The ECB is expected to deliver a dialed-down 50 bps rate hike on Thursday, despite worries about a looming recession
The yield on the US 10-year Treasury noted retreated below the 3.5% mark, approaching the three-month low of 3.4% touched on December 7th
Signs of low supply also supported prices, as New York’s COMEX inventories fell 70% in the last 18 months to just over 1 million tonnes
BUY SILVER MAR 2023 @ 68300 SL 67700 TGT 69000-69500.MCX
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