Sell Silver Mar 2023 @ 68500 SL 69200 TGT 67800-67400. MCX - Kedia Advisory
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Silver
* Silver trading range for the day is 67040 - 70360
* Silver settled lower after data showing a drop in retail sales and industrial production raised concerns about a recession.
* Investors see a reduction of Fed's rate hikes to 25 bps for the next meeting, after the institution delivered lower 50 bps in December
* Global growth worries resurfaced after China posted its weakest economic growth in nearly half a century.
* COMEX inventories levels saw an aggressive decline in the period, and LBMA stockpiles fell considerably amid outflows to India
SELL SILVER Mar 2023 @ 68500 SL 69200 TGT 67800-67400. MCX
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