Sell Silver DEC @ 228000 SL 231000 TGT 225000-222000. MCX - Kedia Advisory
SILVER
SELL SILVER DEC @ 228000 SL 231000 TGT 225000-222000. MCX
Observations
Silver trading range for the day is 222865-230265.
Silver gains amid support from softer US jobs data and reduced expectations for an October rate hike by Fed.
The dollar strengthened largely as the euro weakened amid rising political uncertainty and fiscal concerns across Europe.
Treasury yields climbed to fresh 24-year highs as the global bond selloff continued, driven by mounting fiscal risks.
ISM data showed that cost pressures in the US services sector increased at the fastest pace in more than four years last month.
