Sell Silver DEC @ 70500 SL 71200 TGT 69600-69000. MCX - Kedia Advisory
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SILVER
Observations
Silver trading range for the day is 69815-70335.
Silver remained in range amid hawkish signals from US Fed officials.
Prices weakened as well as easing concerns over a wider geopolitical conflict in the Middle East reduced safe-haven demand for the metal.
Fed Chair Powell said that the US central bank is “not confident” that it has done enough to bring down inflation.
Fed Governor Michelle Bowman also previously flagged the possibility of further rate hikes due to the strength of the economy
SELL SILVER DEC @ 70500 SL 71200 TGT 69600-69000. MCX
