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23-10-2023 10:40 AM | Source: Kedia Advisory
Sell Silver DEC @ 73500 SL 74200 TGT 72700-72000. MCX - Kedia Advisory

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SILVER

Observations

Silver trading range for the day is 70865-74625. Silver rose on strong haven demand amid mounting geopolitical tensions in the Middle East.

China's economy grew better than expected in the third quarter as both retail sales and industrial production improved in September.

Fed Chair Jerome Powell that US economy and tightening labor conditions could lead to another interest rate hike.

Fed’s Williams said interest rates need to be restrictive "for some time" to bring inflation back to the 2 percent target.

SELL SILVER DEC @ 73500 SL 74200 TGT 72700-72000. MCX


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