2026-10-09 09:58:21 am | Source: Kedia Advisory
Buy Silver DEC @ 220000 SL 217000 TGT 224000-226000. MCX - Kedia Advisory
SILVER
BUY SILVER DEC @ 220000 SL 217000 TGT 224000-226000. MCX
Observations
Silver trading range for the day is 217045-226745.
Silver weakened as the latest FOMC minutes pointed to the possibility of another US rate hike this year
Fed Waller said that additional rate hikes will likely be needed, although increases do not have to come at every consecutive meeting.
Fed Vice Chair Philip Jefferson and New York Fed President John Williams also signaled no rush to act again.
Fed hike odds for October 28 have fallen to 18.3% after soft jobs and inflation data, CME’s FedWatch tool shows.
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