Buy Silver Dec @ 90200 SL 89400 TGT 91000-91500. MCX - Kedia Advisory
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SILVER
Observations
Silver trading range for the day is 88260-91880.
Silver prices rose as geopolitical risks benefit the safe-haven amid a modest USD downtick.
Bets for less aggressive Fed rate cuts and elevated US bond yields cap further gains.
Fed’s Powell said that there’s no need to hurry into cutting interest rates amid a resilient economy, a strong job market, and inflation still above the 2% target.
Investors remain hopeful that US President-elect Donald Trump's touted expansionary policies will boost inflation.
BUY SILVER DEC @ 90200 SL 89400 TGT 91000-91500. MCX
