Buy Silver DEC @ 71200 SL 70500 TGT 72000-72500. MCX - Kedia Advisory
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SILVER
Observations
Silver trading range for the day is 70570-72600.
Silver edged down weighed by stronger US dollar
Sales of new single-family houses in US surged by 12.3% to a seasonally adjusted annualized rate of 759 thousand in September 2023
Investor attention turns to U.S. third-quarter GDP figures and the U.S. PCE price index that could impact the Fed’s outlook on interest rates.
Markets are widely expecting the Fed to keep rates on hold at its policy meeting next month, according to the CME FedWatch tool.
BUY SILVER DEC @ 71200 SL 70500 TGT 72000-72500. MCX
