BUY SILVER MAR @ 74500 SL 74000 TGT 75300-75800. MCX - Kedia Advisory
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SILVER
Observation
Silver trading range for the day is 70745-77485.
Silver gains driven by a retreat in dollar and yields as Fed officials struck a softer tone
Jerome Powell discussed cutting interest rates in 2024 after keeping interest rates unchanged in the range of 5.25-5.50%
Powell’s commentary indicated that the rate-tightening campaign by the Fed has come to an end amid progress in inflation declining towards 2%.
Fed’s outlook for the Unemployment Rate remained unchanged at 4.1% for 2024 and 2025.
BUY SILVER MAR @ 74500 SL 74000 TGT 75300-75800. MCX
