11-07-2024 09:07 AM | Source: Kedia Advisory
Buy Silver Sep @ 92400 SL 91800 TGT 93200-93800. MCX - Kedia Advisory
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Silver
Observations
Silver trading range for the day is 91995-94195.
Silver steadied after Fed Powell's comments suggested the case for interest rates cuts is getting stronger
Powell maintained a cautious stance, acknowledging improved inflation.
Soft US economic data reinforced expectations for rate reductions from the US central bank
The key CPI report due Thursday will be keenly watched for further clues on how inflationary pressures in the economy are evolving.
BUY SILVER SEP @ 92400 SL 91800 TGT 93200-93800. MCX
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