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
