2025-08-25 12:17:41 pm | Source: Kedia Advisory
Sell Silver Sep @ 117000 SL 118000 TGT 116000-115000. MCX - Kedia Advisory
SELL SILVER SEP @ 117000 SL 118000 TGT 116000-115000. MCX
Observations
Silver trading range for the day is 111830-118570.
Silver rose as dollar index fell below 98 after Fed Powell hinted at possible rate cuts in his Jackson Hole speech.
Powell noted that while unemployment remains low, risks to the labor market are rising and policy remains “restrictive”.
Traders now put about 91% probability on Fed rate cut in September, vs 75% before Powell's remarks.
Trump: I will fire Fed's Cook if she doesn't resign.
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