Sell Silver DEC @ 155000 SL 156000 TGT 153800-153000. MCX - Kedia Advisory
SILVER
SELL SILVER DEC @ 155000 SL 156000 TGT 153800-153000. MCX
Observations
Silver trading range for the day is 151180-158090.
Silver dropped as markets digested the Fed’s October minutes which revealed a divided committee.
The US economy added 119,000 jobs in September, rebounding from a downwardly revised decline of 4,000 in August and surpassing forecasts of 50,000.
India’s wedding season is boosting physical demand, while concerns over potential US tariffs on silver have added an additional layer.
Many officials still expect cuts at some point but a large group signalled that a December move is not certain.
