16-11-2023 09:56 AM | Source: Kedia Advisory
Sell Silver DEC @ 72800 SL 73500 TGT 72000-71500. MCX - Kedia Advisory
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SILVER
Observations
Silver trading range for the day is 71265-73275.
Silver gains after softer-than-expected U.S. CPI data
Producer prices in the country fell by 0.5% mom in October 2023, logging the steepest decline since April 2020
US retail sales decreased by 0.1% in the period, defying the consensus of a 0.3% drop and pointing to the economy's resilience.
Inflation data from the U.K., Germany and France added to recent signs of moderating price pressures
SELL SILVER DEC @ 72800 SL 73500 TGT 72000-71500. MCX
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