Buy Silver S @ 69900 SL 69400 TGT 70500-71000. MCX

2024-02-23 10:23:23 am | Source: Kedia Advisory

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

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Buy Silver S @ 69900 SL 69400 TGT 70500-71000. MCX - Kedia Advisory

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