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29-11-2023 09:34 AM | Source: Kedia Advisory
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 75825-77735.
Silver rose amidst weakness in dollar and hopes of a dovish pivot by the Fed.
Rate cut hopes were renewed after recent consumer price inflation readings in the U.S. showed a flat reading.
The expected dip in the PCE-based inflation readings also supported sentiment for the metal.
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
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