Buy Silver Mar @ 87000 SL 86500 TGT 87700-88200. MCX - Kedia Advisory
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Silver
Observations
Silver trading range for the day is 85795-90065.
Silver dropped as investors continued to heed signs of a hawkish Federal Reserve.
Resilient labor market data per payroll counts and evidence of stubborn inflation drove FOMC members to project fewer rate cuts by the Fed in 2025.
Fed signaled a more cautious outlook for additional rate cuts in 2025, marking a shift in its monetary policy stance.
Markets anticipate signals regarding US economy under the incoming Trump administration and Fed’s interest rate outlook for 2025.
BUY SILVER MAR @ 87000 SL 86500 TGT 87700-88200. MCX
