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23-01-2024 10:40 AM | Source: Kedia Advisory
Sell Silver Mar @ 71400 SL 72000 TGT 70600-70000. MCX - kediaAdvisory

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SILVER:

Observations:

Silver trading range for the day is 69905-71705

Silver dropped on doubts over early rate cuts by the U.S. Federal Reserve

Markets still expect a rate cut in March despite cautious comments from Fed officials

Atlanta Fed President expects rate cuts in the third quarter, aiming for less restrictive policy

US jobless claims fell more than expected, indicating a tight labor market and reducing rate cut expectations

SELL SILVER MAR @ 71400 SL 72000 TGT 70600-70000. MCX

 

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