2025-11-10 09:44:55 am | Source: Kedia Advisory
Buy Silver Dec @ 147000 SL 146000 TGT 148400-149200. MCX - Kedia Advisory - Kedia Advisory
SILVER
BUY SILVER DEC @ 147000 SL 146000 TGT 148400-149200. MCX
Observations
Silver trading range for the day is 145800-150360.
Silver rose as signs of a cooling US labor market strengthened expectations for Federal Reserve rate cuts.
The prolonged US government shutdown, which delayed official jobs and inflation data, also supported safe-haven demand.
Markets increased bets on a December Fed cut, pricing in about a 70% chance of a 25 bps reduction, up from 62% a day earlier.
Data showed the US economy shed 153,000 jobs in October, the highest for that month in 22 years.
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