2026-02-20 12:52:13 pm | Source: Kedia Advisory
BUY SILVER MAR @ 239000 SL 237000 TGT 242500-244500. MCX
Silver
BUY SILVER MAR @ 239000 SL 237000 TGT 242500-244500. MCX
Observations
Silver trading range for the day is 234750-251920.
Silver dropped as the dollar rallied on robust US economic data and hawkish signals from the Federal Reserve.
Fed’s minutes revealed a split among policymakers, with some signaling that rate cuts would be appropriate if disinflation continues.
Fed’s Daly said the U.S. central bank still needs to get inflation down, and that while artificial intelligence potentially helps in that regard
Traders slightly trimmed expectations for Fed rate cuts this year but still anticipate two 25 basis point reductions before year-end.
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