Buy Silver DEC @ 70500 SL 69800 TGT 71500-72200. MCX-Kedia Advisory
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SILVER
Observations
Silver trading range for the day is 68500-72880.
Silver prices rose as investors fretted about the escalation in the conflict between Israel and Islamist group
Hamas Prices was underpinned by expectations of the end of hiking cycle by the Fed despite a slight acceleration in the US inflation rate for September.
Traders currently see around a 67% chance of the Fed leaving interest rates unchanged this year.
Commerzbank now expects the price of silver to be trading at $23 per troy ounce by year-end, down from the previous forecast of $26.
BUY SILVER DEC @ 70500 SL 69800 TGT 71500-72200. MCX
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Silver futures rise on firm demand
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