14-12-2023 11:36 AM | Source: Kedia Advisory
BUY SILVER MAR @ 71200 SL 70600 TGT 72000-72500. MCX - Kedia Advisory
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SILVER
Silver trading range for the day is 70845-72315.
Silver dropped as traders continued to assess the latest data from the US Consumer inflation in the US slowed to 3.1% yoy in November 2023, matching the estimates.
Chile’s state-owned Chochilco stated that the metal's demand is expected to drop 9.4% in 2024 due to decreased investments.
The market is in for a deficit amid lower output from Peru and Mexico.
BUY SILVER MAR @ 71200 SL 70600 TGT 72000-72500. MCX
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