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Buy Silver Mar @ 92800 SL 92300 TGT 93400-93900. MCX - Kedia Advisory
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Gold
Observations
Silver trading range for the day is 90380-95090.
Silver gains as markets anticipate that the Fed will cut interest rates again at its December meeting.
The number of job openings in US increased solidly from 7.37 million to 7.74 million in October.
The markets are still pricing over a 70% chance that the Fed will cut rates by 25 basis points at its upcoming meeting.
San Francisco Fed President Mary Daly said that the US economy is in a good place the balanced labor market is not a source of inflation.
BUY SILVER MAR @ 92800 SL 92300 TGT 93400-93900. MCX
