2026-10-16 10:06:16 am | Source: Kedia Advisory
Buy Silver Dec @ 209000 SL BELOW 206000 TGT 214000. MCX - Kedia Advisory
Silver
BUY SILVER DEC @ 209000 SL BELOW 206000 TGT 214000. MCX
Observations
Silver trading range for the day is 206900-213380.
Silver rose as dollar retreated from an 18-month high.
US producer prices soared by 1.3%, the sharpest increase since the start of the Russian invasion of Ukraine in March of 2022
Fed Daly signaled that the U.S. central bank will likely need to raise short-term interest rates further to address inflation.
As at end September 2026, the amount of silver held in London vaults was 28,985 tonnes, a 1.95% increase on previous month.
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