2025-01-31 10:27:16 am | Source: Kedia Advisory
Buy Silver Mar @ 93000 SL 92500 TGT 93700-94200. MCX - Kedia Advisory
SILVER
BUY SILVER MAR @ 93000 SL 92500 TGT 93700-94200. MCX
Observations
Silver trading range for the day is 91550-94750.
Silver rose tracking the strong momentum for bullion as traders assessed the Fed’s policy outlook this year.
The US central bank held its rates unchanged, as expected, and refrained from giving major hints on its outlook.
European Central Bank lowered its key interest rates by 25 bps in January 2025, as expected, reducing the deposit facility rate to 2.75%
Silver Institute forecast that the silver market will remain in a supply deficit for the fifth straight year in 2025.
Disclaimer:
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