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09-02-2024 11:48 AM | Source: Kedia Advisory
Buy Silver Mar @ 70400 SL 69800 TGT 71200-71700. MCX - Kedia Advisory
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Silver
Observations
Silver trading range for the day is 69490-71610.
Silver gains on short covering amid uncertainty over timing of Fed interest rate cuts.
Fed Collins sees rate cuts later this year only if price pressures remain consistent with forecasts.
Fed policymakers are considering rate cuts at this stage as “premature.” China, reported its consumer price index fell a sharper-than-expected 0.8%, year-on-year, in January.
BUY SILVER MAR @ 70400 SL 69800 TGT 71200-71700. MCX
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