20-12-2023 01:01 PM | Source: Kedia Advisory
SELL SILVER MAR @ 75000 SL 75800 TGT 74000-73400. MCX
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Observations
Silver trading range for the day is 73700-75700. Silver dropped as dollar index soared to approach 102.5 after Fed Williams comments. Fed’s Williams said the central bank isn't really talking about rate cuts right now. The NY Empire State Manufacturing Index posted a surprise decline and pointed to a considerable drop in business activity in NY in December ECB and the BOE maintained their policy rates, but pledged to keep them at elevated levels to address inflation.
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