17-10-2023 11:12 AM | Source: Kedia Advisory
Buy Silver DEC @ 70500 SL 69800 TGT 71500-72200. MCX - Kedia Advisory
SILVER
Observations
Silver trading range for the day is 70480-71580.
Silver remained in range after the latest data showed worsening conditions within its region's manufacturing sector. Empire State manufacturing survey's general business conditions index declined to -4.6 in October, down from September's positive reading of 1.9.
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. Traders currently see around a 67% chance of the Fed leaving interest rates unchanged this year.
BUY SILVER DEC @ 70500 SL 69800 TGT 71500-72200. MCX
To Read Complete Report & Disclaimer
Click Here
Views express by all participants are for information & academic purpose only. Kindly read disclaimer before referring below views. Click Here For Disclaimer
Latest News
Evening Roundup : A Daily Report on Bullion Energy &...
ITI AMC announces activation of new OPA
India's Blue Star posts jump in Q4 adjusted profit o...
Gautam Adani meets new British envoy to India, wishe...
FIIs stood as net buyers in equities as per May 02 d...
NPCI partners Bank of Namibia to develop UPI-like pa...
Report on power sector equity raises to power up to ...
Motilal Oswal Flexicap Fund Celebrates a Decade of H...
Buy Zinc above 258.50 SL below 256.50tct 261/262 - A...
Blue Star`s FY24 Total Income rises 21.4% to Rs 9685...