Sell Silver Mar 2023 @ 66600 SL 67200 TGT 66000-65500. MCX - Kedia Advisory
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Silver
Observations
Silver trading range for the day is 65696-66850
Silver dropped weighed down by hawkish signals from Fed officials who reiterated their commitment to bring down inflation with more rate increases.
Fed’s Barkin said it's important for the U.S. central bank to continue to raise rates to ensure if brings inflation back to the 2 percent target.
Consumer sentiment for the US jumped to a thirteen-month high of 66.4 in February of 2023 from 64.9 in January
Market participants are now expecting the Fed's target rate to peak at 5.153% in July, from a current range of 4.5% to 4.75%.
SELL SILVER Mar 2023 @ 66600 SL 67200 TGT 66000-65500. MCX
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