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10-07-2024 09:30 AM | Source: Kedia Advisory
Sell Silver Sep @ 93000 SL 93600 TGT 92300-91800. MCX - Kedia Advisory
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Silver
Observations
Silver trading range for the day is 91685-94335.
Silver gains as soft US economic data reinforced expectations for rate reductions from Fed.
Fed Governor Michelle Bowman warns of elevated inflation, indicating no appropriate rate cuts.`
The Fed has a more cautious approach to rate cuts, requiring more confidence in the inflation outlook
Silver demand in China is assessing due to potential overcapacity in solar panel manufacturing.
SELL SILVER SEP @ 93000 SL 93600 TGT 92300-91800. MCX
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