Sell Silver Mar @ 92800 SL 93400 TGT 92200-91700. MCX - Kedia Advisory
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