2025-03-21 12:03:48 pm | Source: Kedia Advisory
Sell Silver May @ 99800 SL 100500 TGT 99000-98400. MCX - Kedia Advisory
Silver
SELL SILVER MAY @ 99800 SL 100500 TGT 99000-98400. MCX
Observations
Silver trading range for the day is 97315-101805.
Silver dropped as the dollar rose after Fed indicated it was in no rush to cut rates.
U.S. policymakers projected two quarter-point interest rate cuts were likely later this year
Fed Governor Chris Waller was the lone dissenter from the policy statement because of the change in balance sheet policy.
The Fed also said it will slow the ongoing drawdown of its $6.81 trillion balance sheet, known as quantitative tightening.
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