Sell Silver Dec @ 156200 SL 157500 TGT 155400-154000. MCX - Kedia Advisory
SILVER
SELL SILVER DEC @ 156200 SL 157500 TGT 155400-154000. MCX
Observations
Silver trading range for the day is 151725-158485.
Silver dropped as traders scaled back expectations for US rate cuts, with markets now pricing in about a 46% chance of a 25 bps.
The September jobs report will be released on Thursday, leading to the end of a 43-day dry spell of data publication.
Fed’s Kashkari said that he did not support the Fed's interest-rate cut in October given the economy's resilience
The US Department of Interior recently added silver, copper, and metallurgical coal to its “critical minerals” list
