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Buy Silver Mar @ 90600 SL 89800 TGT 91400-92000. MCX - Kedia Advisory
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Silver
Observations
Silver trading range for the day is 90350-91990.
Silver edged higher as investors braced for a busy week of central bank meetings and economic data releases.
US Jobless Claims increased by 242K against expectations of a slight decline to 220K from the previous week’s 225K.
The ECB cut rates by 0.25% to 3% against the will of some doves, who wanted more aggressive cuts.
US Producer prices were mixed, with the headline PPI accelerating at a 0.4% pace, twice as much as the 0.2% expected, from 0.3% in October.
BUY SILVER MAR @ 90600 SL 89800 TGT 91400-92000. MCX
