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2026-11-11 11:01:49 am | Source: Kedia Advisory
Buy Silver DEC @ 183000 SL BELOW 181000 TGT 187000. MCX - Kedia Advisory
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.

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