Buy Silver DEC @ 223000 SL 220000 TGT 227000-229000. MCX - Kedia Advisory
SILVER
BUY SILVER DEC @ 223000 SL 220000 TGT 227000-229000. MCX
Observations
Silver trading range for the day is 222385-228265.
Silver gained as oil prices fell and bond yields steadied, helping ease concerns around inflation and interest rates.
The 10-year Treasury yield dropped to 5.22 percent after a 30-year debt auction met with solid demand.
Fed’s Waller indicated that further interest rate increases are likely in the coming months.
Fed’s Musalem said more monetary policy tightening will be required to bring inflation back to target in a timely manner.
