01-11-2023 09:36 AM | Source: Kedia Advisory
Sell Silver DEC @ 72200 SL 73000 TGT 71200-70500. MCX - Kedia Advisory

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SILVER

Observations

Silver trading range for the day is 70755-73205

Silver dropped as dollar seen supported amid expectations the Fed will keep borrowing costs elevated for some time

The dollar slowdown ahead of the Fed’s policy meeting, which could provide more clues on the future path for US interest rates.

The US economy recently proved resilient and strong despite the successive interest rate hikes in the past two years

Data showed that China is quickly regaining its footing due to government spending and extensive financial support

SELL SILVER DEC @ 72200 SL 73000 TGT 71200-70500. MCX

 

 

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