Buy Silver Mar@ 197000 SL 195000 TGT 199000-200500. MCX - Kedia Advisory
Silver

BUY SILVER MAR @ 197000 SL 195000 TGT 199000-200500. MCX
Observations
Silver trading range for the day is 186715-205335.
Silver notched record high of 197000 amid concerns over a market deficit.
Fed Chairman Jerome Powell said that the bar for further interest rate cuts is very high.
In London, silver inventories have plunged since their 2021 peak, reaching a low in 2025.
Fed keeps the door open for further monetary easing after reducing interest rates by 25 bps to 3.50%-3.75%.
