Sell Silver DEC @ 202000 SL ABOVE 205000 TGT 197000. MCX - Kedia Advisory
SILVER
SELL SILVER DEC @ 202000 SL ABOVE 205000 TGT 197000. MCX
Observations
Silver trading range for the day is 194290-208660.
Silver dropped as India has issued permits to import around 6,500 metric tons of silver over the next six months.
Silver premiums over official domestic prices fell to 45 cents per ounce on Thursday, down from up to $2.50 last week.
Reports suggested that the US and Israel have drawn up plans for renewed strikes on Iran after the midterm elections.
Fed is widely expected to keep interest rates unchanged next week, after Chair Warsh's remarks did little to alter expectations for a pause.
