2024-10-16 11:21:55 am | Source: Kedia Advisory
Sell Silver Dec @ 92000 SL 92600 TGT 91200-90600. MCX - Kedia Advisory
SILVER
Observations
Silver trading range for the day is 88820-93390.
Silver gains after a weaker-than-expected NY Empire State Manufacturing Index raised concerns about the US economy.
The Federal Reserve will proceed with modest rate cuts in the near term.
Traders are now ascribing an almost 90% chance of a 25 bps cut in November.
A string of U.S. data has shown the economy to be resilient, while inflation in September rose slightly more than expected.
SELL SILVER DEC @ 92000 SL 92600 TGT 91200-90600. MCX
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