2024-12-18 10:59:18 am | Source: Kedia Advisory
Buy Silver Mar @ 90400 SL 89700 TGT 91200-91800. MCX - Kedia Advisory
Silver
Observations
Silver trading range for the day is 89515-91825.
Silver fell weighed down by concerns about a more measured pace of easing from the US Federal Reserve next year.
Retail sales in the US increased 0.7% mom in November 2024, following an upwardly revised 0.5% rise in October
Pressure also seen amid ongoing demand uncertainty in China.
The Fed is widely expected to implement a 25 basis point interest rate cut this week, but it may signal fewer reductions for 2025
BUY SILVER MAR @ 90400 SL 89700 TGT 91200-91800. MCX
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