Buy Silver DEC @ 179000 SL BELOW 177000 TGT 183000. MCX - Kedia Advisory
SILVER
BUY SILVER DEC @ 179000 SL BELOW 177000 TGT 183000. MCX
Observations
Silver trading range for the day is 172620-191530.
Silver dropped as persistent inflation and resilient economic growth in the US reinforced expectations of a potential rate hike.
Data showed US gross domestic product grew more than expected last quarter, while inflation accelerated in September.
Spot silver dropped below $50, breaching the key psychological level for the first time since November 2025.
HSBC expects silver’s market deficit to shrink from 140 million ounces in 2025 to 5 million ounces this year.
