Sell Silver Dec @ 91800 SL 92500 TGT 91000-90500. MCX - Kedia Advisory
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SILVER
Observation
Silver trading range for the day is 89930-93980.
Silver dropped on profit booking after a rally catalysed by an outsized U.S. Federal Reserve interest rate cut.
The year-ahead inflation expectations in US eased for the fourth month to 2.7% in August 2024, the lowest since December 2020.
Silver's usage in photovoltaic products like solar panels has nearly doubled over the prior year.
The consumer sentiment for the US was revised higher to 70.1 in September 2024, the highest in five month
SELL SILVER DEC @ 91800 SL 92500 TGT 91000-90500. MCX
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