2025-02-27 11:53:03 am | Source: Kedia Advisory
Sell Silver Mar @ 95200 SL 95900 TGT 94300-93500. MCX - Kedia Advisory
Silver
SELL SILVER MAR @ 95200 SL 95900 TGT 94300-93500. MCX
Observations
Silver trading range for the day is 93165-95505.
Silver gained as softening US economic data fueled expectations for further interest rate cuts from the Fed.
Fed needs more clarity before it can go back to cutting rates, says Goolsbee
Focus was also on the U.S. PCE report, the Fed's preferred inflation gauge, due on Friday.
US silver coin purchases dropped 27% year-on-year in January to 3.5 moz, the lowest January demand since 2018.
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