Buy Silver DEC @ 176000 SL BELOW 173000 TGT 182000. MCX - Kedia Advisory
SILVER

BUY SILVER DEC @ 176000 SL BELOW 173000 TGT 182000. MCX
Observations
Silver trading range for the day is 174170-185530.
Silver prices fell as a stronger US dollar, rising oil prices and growing expectations of further Federal Reserve fightening weighed.
Stronger-than-expected US consumer inflation data for October, pushed the dollar to a 19-month high and reinforced bets on further Fed rate hikes.
Markets are pricing in nearly a 91% probability of a 25-basis-point rate hike in December
Investors now await US producer price index data due on Friday for further cues on inflation and the monetary policy outlook.
