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11-09-2024 12:15 PM | Source: Kedia Advisory
Buy Silver Dec @ 83200 SL 82500 TGT 84000-84500. MCX - Kedia Advisory
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SILVER
Observations
Silver trading range for the day is 82455-84885.
Silver settled flat as investors braced for a key US inflation reading
A mixed US jobs report for August provided little clarity on the rates path.
Traders now see about a 71% chance of a 25 basis point reduction next week, with a 29% chance assigned to a 50 bps cut
Fed officials including Christopher Waller and John Williams indicated support for the first reduction at the upcoming meeting.
BUY SILVER DEC @ 83200 SL 82500 TGT 84000-84500. MCX
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