2025-02-17 09:42:15 am | Source: Kedia advisory
Sell Silver MAR @ 95800 SL 96300 TGT 95200-94800. MCX - Kedia Advisory
SILVER
SELL SILVER MAR @ 95800 SL 96300 TGT 95200-94800. MCX
Observations
Silver trading range for the day is 93395-99295.
Silver rallied as its demand in electrification and manufacturing magnified the support from a global pivot to safety.
The unexpected rebound in the ISM Manufacturing PMI for January improved the outlook for US factory demand.
Prices were also supported by the announcement that the US will impose reciprocal tariffs on major trading partners by next quarter.
Data showed that China put up 357 gigawatts of solar and wind power in 2024, among the main uses of industrial silver.
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