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SELL SILVER MAR @ 75800 SL 76500 TGT 75000-74500. MCX - Kedia Advisory
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Silver
Observation
Silver trading range for the day is 74110-76490.
Silver gains as US 10-year treasury yields declined.
Fed Bostic said that there is no urgency for the central bank to lower borrowing costs.
As per the CME Fedwatch tool, market participants see almost a 70% chance in favour of a first rate cut by 25 basis points (bps) in March.
Traders now await a slew of U.S. economic data, including the November core personal consumption expenditure (PCE) index report on Friday.
SELL SILVER MAR @ 75800 SL 76500 TGT 75000-74500. MCX
