02-01-2024 11:34 AM | Source: Kedia Advisory
Buy Silver MAR @ 73800 SL 73000 TGT 74600-75200. MCX - Kedia Advisory
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SILVER
Observations
Silver trading range for the day is 74135-74565.
Silver traded in range on anticipation of Fed rate cuts.
Economic data showed an increase in weekly claims to 218K, surpassing the estimated 210K.
The Fed is expected to start reducing interest rates as inflation in US economy is in a downtrend.
As per the CME Fedwatch tool, market participants see more than 88% chance of the Fed cutting interest rates in March.
BUY SILVER MAR @ 73800 SL 73000 TGT 74600-75200. MCX
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