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2024-03-12 10:04:08 am | Source: Kedia Advisory
Sell Silver May @ 74800 SL 75600 TGT 74000-73500. MCX -Kedia Advisory
Sell Silver May @ 74800 SL 75600 TGT 74000-73500. MCX  -Kedia Advisory

Silver

Observation

* Silver trading range for the day is 73880-74980.

* Silver rose on expectations around the Fed cutting interest rates this year

* Federal Reserve Chair Jerome Powell told US lawmakers that the central bank will cut interest rates this year.

* Fed’s Kashkari said that he had pencilled in two interest-rate cuts in 2024 and added that he may reduce the number of cuts

* The number of Americans filing new claims for unemployment benefits was unchanged last week.

SELL SILVER MAY @ 74800 SL 75600 TGT 74000-73500. MCX

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