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.
