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Buy Silver DEC @ 70600 SL 70000 TGT 71400-72000. MCX - Kedia Advisory
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SILVER
Observations
Silver trading range for the day is 69615-72115.
Silver recovered as traders remain divided on whether US interest rates already peaked.
Minneapolis Fed President Neel Kashkari said the US central bank probably still had some work to do to bring inflation under control.
U.S. reports on the U.S trade deficit in the month of September may attract attention later today along with remarks by several Fed officials.
As recession worries swirl, Fed Chair Jerome Powell's speech due on Wednesday and Thursday may offer additional clarity on the U.S. rate outlook.
BUY SILVER DEC @ 70600 SL 70000 TGT 71400-72000. MCX
