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Buy Silver Mar @ 76500 SL 75800 TGT 77500-78000. MCX - Kedia Advisory
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SILVER
Observations
Silver trading range for the day is 76380-78170.
Silver gains on hopes that Fed would likely cut interest rates by the first half of next year.
Fed’s Waller said that current monetary settings are restrictive enough, and flagged a possible rate cut in the coming months.
New estimates showed that the US GDP expanded by 5.2% from the earlier quarter in Q3, above earlier estimates
The Silver Institute stated that global mined silver production is expected to drop by 2% in 2023
BUY SILVER MAR @ 76500 SL 75800 TGT 77500-78000. MCX
