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23-12-2024 11:21 AM | Source: Kedia Advisory
Buy Silver Mar @ 88000 SL 87500 TGT 88700-89500. MCX - Kedia Advisory
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SILVER
Observations
Silver trading range for the day is 85655-89965.
Silver gained as the latest inflation data favored the resumption of rate cuts by the Federal Reserve.
Core PCE prices, rose the least in six months in the November print.
Concerns of tariffs and expansive fiscal policy by the incoming Trump administration also backed hawkish projections for the Fed.
Markets are now split between one and two rate cuts for next year.
BUY SILVER MAR @ 88000 SL 87500 TGT 88700-89500. MCX
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