06-11-2023 11:03 AM | Source: Kedia Advisory
Buy Silver DEC @ 71500 SL 70800 TGT 72300-72800. MCX - Kedia Advisory

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SILVER

Observations

Silver trading range for the day is 70380-73440.

Silver rose after data indicating a slowdown in the US labor market

The U.S. dollar index weakened and U.S. Treasury yields dipped following the jobs report.

US central bank maintained the fed funds rate for the second consecutive time as policymakers considered signs of a gradual labor market loosening

ECB also left interest rates unchanged for the first time in over a year in October but reiterated its commitment to keeping borrowing costs at a restrictive level

BUY SILVER DEC @ 71500 SL 70800 TGT 72300-72800. MCX

 

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