Sell Silver MAR 2023 @ 68500 SL 69200 TGT 67700-67200.MCX - Kedia Advisory
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Silver
Silver trading range for the day is 66355-69111.
Silver gains amid growing fears of a U.S. recession and expectations that the Federal Reserve is prepared to slow down with rate hikes.
The dollar remained on the back foot and Treasury yields dipped as investors eyed a trio of central bank interest-rate decisions next week.
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.
Also, the LBMA stockpiles fell for the 10th straight month to a record-low 27.1 thousand tonnes in November.
SELL SILVER MAR 2023 @ 68500 SL 69200 TGT 67700-67200.MCX
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