2024-09-23 10:08:48 am | Source: Kedia Advisory
Buy Silver Dec @ 89800 SL 89200 TGT 90600-91200. MCX - Kedia Advisory
SILVER
Observation
Silver trading range for the day is 88880-91370.
Silver gains following an outsized rate cut from the Federal Reserve.
The US central bank kicked off its easing campaign with a large 50 basis point rate cut in September and signaled further rate reductions.
Markets still expect Chinese policymakers to introduce more stimulus to prop up the economy
China unexpectedly kept key lending rates unchanged this week even as the Fed’s aggressive rate cut provided room to ease policy.
BUY SILVER DEC @ 89800 SL 89200 TGT 90600-91200. MCX
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