2025-11-17 10:02:12 am | Source: Kedia Advisory
Sell Silver Dec @ 157000 SL 158500 TGT 155500-154200. MCX - Kedia Advisory
SILVER
SELL SILVER DEC @ 157000 SL 158500 TGT 155500-154200. MCX
Observations
Silver trading range for the day is 147610-167540.
Silver dropped on a broader market sell-off, sparked by hawkish remarks Fed, dimming hopes for a December interest rate cut.
Traders cut the probability of a December rate cut by the Fed to below 50%, down from nearly 65% earlier in the week.
The longest U.S. government shutdown, which ended Thursday, created a major data gap, leaving the Fed.
Fed Kashkari that he did not support the Fed's interest-rate cut in October given the economy's resilience.
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