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2026-11-02 10:23:43 am | Source: Kedia Advisory
Buy Silver DEC @ 179000 SL BELOW 177000 TGT 183000. MCX - Kedia Advisory
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.

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