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15-02-2024 10:41 AM | Source: Kedia Advisory
Buy Silver Mar @ 69700 SL 69200 TGT 70400-70900. MCX - Kedia Advisory
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Silver

Observations

Silver trading range for the day is 68175-72305.

Silver gains on short covering after prices dropped as hot U.S. inflation cools Fed rate cut bets

US CPI in January gained 3.1% from a year earlier, versus an expected 2.9% rise

Data showed UK inflation did not accelerate in January as expected.

Global silver demand was projected to reach 1.2 billion ounces in 2024

BUY SILVER MAR @ 69700 SL 69200 TGT 70400-70900. MCX

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