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Sell Silver Dec @ 97500 SL 98500 TGT 96500-95500. MCX - Kedia Advisory
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Silver
Observations
Silver trading range for the day is 94670-99760.
Silver steadied as the bullion remained in demand in the face of ongoing geopolitical risks.
The dollar index fell to 104.2, after gaining almost 1% in the previous three sessions to three-month highs.
The odds for additional 50bps reduction in the fed funds rate this year have lowered to around 68% from nearly 72% last week.
Investors continue to monitor interest rates trajectory and believe the Federal Reserve will not cut interest rates as aggressively as initially expected
SELL SILVER DEC @ 97500 SL 98500 TGT 96500-95500. MCX
