Sell Silver Mar 2023 @ 69300 SL 70000 TGT 68500-68000.MCX - Kedia Advisory
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SILVER
Silver trading range for the day is 68474-69804.
Silver rose after cooler-than-expected inflation in the US ramped up hopes that Fed could end its tightening cycle at a lower interest rate.
Expectations of higher demand and lower supply supported silver prices to rise by 26% since the start of Q4.
Hopes of softer rate hikes in the US and a cut in the reserve ratio by the PBoC lifted demand for industrial silver usage
London Bullion Market Association stockpiles fell for the 10th straight month to a recordlow 27.1 thousand tonnes in November.
SELL SILVER MAR 2023 @ 69300 SL 70000 TGT 68500-68000.MCX
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