Buy Silver DEC @ 183000 SL BELOW 181000 TGT 187000. MCX - Kedia Advisory
SILVER
BUY SILVER DEC @ 183000 SL BELOW 181000 TGT 187000. MCX
Observations
Silver trading range for the day is 179650-187780.
Silver dropped as stronger-than-expected inflation data reinforced expectations that Fed will continue raising interest rates.
US consumer inflation moderated in October, with the CPI rising 0.4% month on month after a 0.6% increase in September.
Money markets increased bets on at least two additional rate hikes by mid-2027, with investors anticipating another increase at the Fed’s December 8-9 meeting.
Silver speculative net long fell by 238 to +2,665 contracts: speculators sold 173 longs and added 65 shorts.
