2024-11-19 11:04:25 am | Source: Kedia Advisory
Buy Silver Dec @ 90200 SL 89400 TGT 91000-91500. MCX - Kedia Advisory
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
Disclaimer:
The content of this article is for informational purposes only and should not be considered financial or investment advice. Investments in financial markets are subject to market risks, and past performance is not indicative of future results. Readers are strongly advised to consult a licensed financial expert or advisor for tailored advice before making any investment decisions. The data and information presented in this article may not be accurate, comprehensive, or up-to-date. Readers should not rely solely on the content of this article for any current or future financial references.
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