Buy Silver DEC @ 194000 SL BELOW 191000 TGT 200000. MCX - Kedia Advisory
SILVER

BUY SILVER DEC @ 194000 SL BELOW 191000 TGT 200000. MCX
Observations
Silver trading range for the day is 189230-201570.
Silver dropped as rising oil prices strengthened expectations that US interest rates will remain higher for longer.
India has issued permits to import around 6,500 metric tons of silver over the next six months.
Hotter-than-expected US consumer and producer inflation data, largely driven by rising energy costs, reinforced the case for tighter monetary policy.
Markets currently price in just a 9% chance of a rate hike next week, compared with more than 81% for December.
