14-10-2024 11:32 AM | Source: Kedia Advisory
Sell Silver Dec @ 92000 SL 92600 TGT 91300-90800. MCX - Kedia Advisory

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SILVER

Observations

Silver trading range for the day is 90005-92725.

Silver prices rallied after the Michigan Consumer Sentiment data shows a dip in sentiment

The dollar slipped after data showed a surge in initial jobless claims last week.

The CME FedWatch tool, shows markets currently see an 84.4% chance of a 25-basis-point rate reduction in November

Fed’s Bostic said that he would be "totally comfortable" skipping an interest-rate cut at the next Fed meeting if economic data warrants it.

SELL SILVER DEC @ 92000 SL 92600 TGT 91300-90800. MCX

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