Buy Silver DEC @ 180000 SL BELOW 178000 TGT 186000. MCX

2026-11-03 10:14:44 am | Source: Kedia Advisory

Buy Silver DEC @ 180000 SL BELOW 178000 TGT 186000. MCX - Kedia Advisory

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SILVER

BUY SILVER DEC @ 180000 SL BELOW 178000 TGT 186000. MCX

Observations

Silver trading range for the day is 178420-187360.

Silver rose as dollar eased and oil prices fell after talks between Iranian and Qatari officials.

HSBC expects silver’s market deficit to shrink from 140 million ounces in 2025 to 5 million ounces this year, and to widen only to 12 million ounces in 2027.

In the week to 27 Oct, Silver speculative net long fell by 844 to +2,902 contracts: speculators added 49 longs and added 893 shorts.

Traders are pricing in about a 75% chance of a rate hike in December, according to the CME's Fed Watch Tool.

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Buy Silver DEC @ 180000 SL BELOW 178000 TGT 186000. MCX - Kedia Advisory

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