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11-12-2023 12:04 PM | Source: Kedia Advisory
SELL SILVER MAR @ 73000 SL 73800 TGT 72200-71500. MCX - Kedia Advisory
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SILVER
Observations
Silver trading range for the day is 70930-75580
Silver prices sank amid a stronger-than-forecasted jobs report.
Chile’s state-owned Chochilco stated that silver demand is expected to fall 9.4% in 2024 due to lower investments.
The market is expected to remain in a deficit, aligned with the Silver Institute’s forecast of lower output in Peru and Mexico.
Data from November showed that nearly 200 thousand jobs were added to the US economy
SELL SILVER MAR @ 73000 SL 73800 TGT 72200-71500. MCX
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