Sell Silver DEC @ 230000 SL 233000 TGT 226000-223000. MCX - Kedia Advisory
SILVER
SELL SILVER DEC @ 230000 SL 233000 TGT 226000-223000. MCX
Observations
Silver trading range for the day is 222015-235015.
Silver dropped as stalled US-Iran negotiations kept oil prices elevated and reinforced expectations for additional Fed tightening.
Several Fed officials cited resilient economic growth and a robust labor market as reasons additional rate hikes could be necessary.
COMEX silver speculative net longs rose 385 contracts to 13,016.
Investors now await the Fed’s preferred inflation gauge and key US jobs data due this week, which could provide further clues.
