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20-12-2024 12:06 PM | Source: Kedia Advisory
Buy Silver Mar @ 86800 SL 86300 TGT 87400-87800. MCX - Kedia Advisory
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Silver
Observations
Silver trading range for the day is 84935-90625.
Silver dropped amid pressure from a hawkish Federal Reserve and a poor outlook for silver’s industrial utility.
The US economy expanded an annualized 3.1% in the third quarter of 2024
Fed officials also boosted their estimate of the long-run neutral rate of interest to 3%.
U.S. central bankers now project they will make just two quarter-percentage-point rate reductions by the end of 2025.
BUY SILVER MAR @ 86800 SL 86300 TGT 87400-87800. MCX
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