2025-01-16 09:23:34 am | Source: Kedia advisory
Buy Silver MAR @ 92400 SL 91800 TGT 93200-93800. MCX - Kedia Advisory
SILVER
Observations
Silver trading range for the day is 89660-94560.
Silver rose as softer underlying inflation in the US supported bets of less restrictive monetary policy by the Fed.
Core inflation unexpectedly slowed in December, while headline inflation refrained from surprising on the upside.
The global silver deficit is expected to fall by 4% to 182 million ounces in 2024.
Still, uncertain demand for silver’s manufacturing usage kept prices well below the 12-year high of $35 from October.
BUY SILVER MAR @ 92400 SL 91800 TGT 93200-93800. MCX
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