Buy Silver S @ 69900 SL 69400 TGT 70500-71000. MCX - Kedia Advisory
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SILVER
Obervation
Silver trading range for the day is 69495-71585.
Silver dropped as US Dollar recovers as Fed maintains the hawkish rhetoric.
Fed policymakers want to see more evidence that inflation will sustainably decline to the 2% target before commencing rate cuts.
The number of people claiming unemployment benefits in the US sank by 12,000 to 201,000.
The Chicago Fed National Activity Index decreased to -0.30 in January 2024, from a revised 0.02 in the prior month
BUY SILVER S @ 69900 SL 69400 TGT 70500-71000. MCX
