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Sell Silver DEC @ 89500 SL 90200 TGT 88600-88000. MCX -Kedia Advisory
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Silver
Observations
Silver trading range for the day is 87180-92640.
Silver dropped as the dollar index rose to 105.5 its highest level since early July.
Trump trades remain prevalent as traders anticipate that Donald Trump’s policies on taxation and deregulation will favor businesses.
The probability of a 25 basis point cut in the Fed funds rate in December stands at nearly 69%, down from about 80% last week.
This week, key economic data releases, including consumer and producer inflation, retail sales, and industrial production, are in focus.
SELL SILVER DEC @ 89500 SL 90200 TGT 88600-88000. MCX
