Sell Silver Mar @ 75800 SL 76400 TGT 75000-74500. MCX - Kedia Advisory
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Silver
Observations
Silver trading range for the day is 74075-76965.
Silver dropped as the dollar climbed higher despite easing concerns about the outlook for interest rates.
Dovish comments by European Central Bank's Isabel Schnabel that hinted at a supportive monetary policy outlook buoyed sentiment.
Meanwhile, safe have demand triggered by geopolitical tensions in the Middle East supported safe haven buying.
Meanwhile, concerns over the supply of industrial silver against the backdrop of robust demand also lifted prices.
SELL SILVER MAR @ 75800 SL 76400 TGT 75000-74500. MCX
