17-01-2024 12:02 PM | Source: Kedia Advisory
Sell Silver Mar @ 72500 SL 73200 TGT 71600-71000. MCX - Kedia Advisory
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SILVER
Observations
Silver trading range for the day is 71620-72870.
Silver declined as a stronger dollar and an uptick in Treasury yields weighed.
Price has been hit hard amid uncertainty over US Retail Sales and Industrial Production data.
A strong US Retail Sales data would provide more room for the Fed to maintain higher interest rates.
Further escalation in Middle East tensions could bring some revival in the price.
SELL SILVER MAR @ 72500 SL 73200 TGT 71600-71000. MCX
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