Silver steadied on hopes that Fed would likely cut interest rates by the first half of next year

2023-12-01 12:53:58 pm | Source: Kedia Advisory

Silver steadied on hopes that Fed would likely cut interest rates by the first half of next year - Kedia Advisory

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SILVER

Observations

Silver trading range for the day is 76870-77910.

Silver steadied on hopes that Fed would likely cut interest rates by the first half of next year.

Fed’s Waller said that current monetary settings are restrictive enough, and flagged a possible rate cut in the coming months.

New estimates showed that the US GDP expanded by 5.2% from the earlier quarter in Q3, above earlier estimates

The Silver Institute stated that global mined silver production is expected to drop by 2% in 2023

SELL SILVER MAR @ 78000 SL 78800 TGT 77200-76500. MCX

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Silver steadied on hopes that Fed would likely cut interest rates by the first half of next year - Kedia Advisory

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