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Sell Silver Mar 2023 @ 68800 SL 69500 TGT 67900-67200. MCX - Kedia Advisory
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Silver
* Silver trading range for the day is 67650 - 69250
* Silver steadied as investors reassessed the outlook for monetary policy from major central banks and demand for industrial inputs.
* Fed’s Waller said that upcoming rate moves and an expected continued decline in inflation left policy “pretty close” to being “sufficiently restrictive”
* Supply concerns limited the decrease in prices, as COMEX inventories remained under pressure
* The European Central Bank (ECB) is set to raise interest rates by 50 basis points in both February and March
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