Sell Silver DEC @ 72000 SL 72600 TGT 71200-70500. MCX - Kedia Advisory
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SILVER
Observations
Silver trading range for the day is 70495-72635.
Silver gains benefiting mainly from sharp falls in the dollar and Treasury yields.
Those moves came as the US Federal Reserve held interest rates steady for the second time and hinted at the end of hikes.
The latest economic data pointed to softening in the US labour market, with the intial jobless claims beating expectations for the second week.
In Europe the BoE extended the pause for a second meeting but reinforced the rates would have to stay elevated longer.
SELL SILVER DEC @ 72000 SL 72600 TGT 71200-70500. MCX
