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Sell Silver MAR @ 76200 SL 77000 TGT 75200-74600. MCX - Kedia Advisory
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Silver
Observations
Silver trading range for the day is 74265-76515.
Silver gains as a sharper-than-projected decline in US PCE data has fuelled bets in favour of early rate cuts by the Fed.
Till now, Fed policymakers have been pushing back rate cut expectations, citing the need for a restrictive interest rate policy for a longer period
As per the CME Fedwatch tool, market participants are pricing in a more than 71% odds chance of an interest rate cut in March.
This week, the economic calendar will be light due to it being a holiday week while the second-tier weekly jobless claims data will be in focus
SELL SILVER MAR @ 76200 SL 77000 TGT 75200-74600. MCX
