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18-10-2024 09:50 AM | Source: Kedia Advisory
Buy Silver Dec @ 91400 SL 90700 TGT 92200-92800. MCX - Kedia Advisory

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SILVER

Observations

Silver trading range for the day is 90115-93575.

Silver dropped as dollar traded at 11-week highs, underpinned by strong US economic data

Fresh economic data supported the view that the US economy remains resilient to restrictive interest rates, limiting the urgency for aggressive cuts.

Unemployment claims were well below expectations halfway through October to pare concerns of a softening labor market.

Retail sales accelerated more than expected in September to underscore the strength of the US consumer.

BUY SILVER DEC @ 91400 SL 90700 TGT 92200-92800. MCX

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