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2024-12-09 11:24:25 am | Source: Kedia Advisory
Sell Silver Mar @ 92800 SL 93400 TGT 92200-91700. MCX - Kedia Advisory

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SILVER

Observations

Silver trading range for the day is 91090-93950.

Silver steadied after the United States added more new jobs than expected last month.

The US economy added 227K jobs in November 2024, marking a strong recovery from the upwardly revised 36K gain in October.

The unemployment rate in the United States went up to 4.2% in November of 2024 from 4.1% in the prior month.

Currently, markets are pricing in an 88% chance of a 25 basis point rate reduction this month.

SELL SILVER MAR @ 92800 SL 93400 TGT 92200-91700. MCX

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