Buy Silver MAR @ 71000 SL 70400 TGT 71800-72400. MCX - Kedia Advisory
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SILVER
Observations
Silver trading range for the day is 70315-73045.
Silver dropped amid diminished hopes for an interest rate cut by the Fed.
The annual inflation rate in the US rose to 3.4% in December, surpassing market expectations of 3.2%.
The number of Americans filing for unemployment benefits fell, indicating a tight US labor market.
Traders reduced bets on the Federal Reserve reducing interest rates in March after the inflation data.
BUY SILVER MAR @ 71000 SL 70400 TGT 71800-72400. MCX
