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24-12-2024 10:26 AM | Source: Kedia Advisory
Buy Silver Mar @ 88700 SL 88200 TGT 89400-89900. MCX - Kedia Advisory
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SILVER
Observations
Silver trading range for the day is 88160-89930.
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.
Markets are now split between one and two rate cuts for next year.
Concerns of tariffs and expansive fiscal policy by the incoming Trump administration also backed hawkish projections for the Fed.
BUY SILVER MAR @ 88700 SL 88200 TGT 89400-89900. MCX
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