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2026-10-22 10:23:21 am | Source: Kedia Advisory
Buy Silver DEC @ 207000 SL BELOW 204000 TGT 212000. MCX - Kedia Advisory
Buy Silver DEC @ 207000 SL BELOW 204000 TGT 212000. MCX - Kedia Advisory

SILVER

BUY SILVER DEC @ 207000 SL BELOW 204000 TGT 212000. MCX

Observations

Silver trading range for the day is 207170-211880.

Silver fell as rising oil prices intensified inflation concerns and strengthened expectations for interest rate hikes.

Fed is widely expected to leave interest rates unchanged next week, though markets anticipate a possible rate hike in December.

Fed's Goolsbee said that data this week showing stronger-than-expected consumer and producer price inflation has been "discouraging."

COMEX silver speculative net longs fell 1,874 contracts to 5,735.

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