2025-03-24 12:00:43 pm | Source: Kedia Advisory
Buy Silver May @ 97400 SL 96800 TGT 98300-99000. MCX - Kedia Advisory
Silver
BUY SILVER MAY @ 97400 SL 96800 TGT 98300-99000. MCX
Observations
Silver trading range for the day is 96155-99865.
Silver fell as Fed’s Powell reaffirmed that the central bank is in no rush to cut interest rates further
Fed’s Powell pointed to weakening economic growth and labor market concerns but maintained a cautious stance.
Data showed the number of Americans filing new applications for unemployment benefits increased slightly last week.
Adding to pressure on silver, lingering economic concerns in China dampened its industrial demand outlook.
Disclaimer:
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