Silver trading range for the day is 122110-128460

2025-09-09 09:27:11 am | Source: Kedia Advisory

Silver trading range for the day is 122110-128460 - Kedia Advisory

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Silver

Be Cautious. Important resistance at 126800 while Support at 124200.

Observations

Silver trading range for the day is 122110-128460.

Silver gains near an all-time high bolstered by mounting expectations of a U.S. Fed rate cut.

U.S. job growth weakened sharply in August, and the unemployment rate increased to a nearly four-year high of 4.3%.

Attention now turns to the US PPI and CPI data, which could offer more clues on the Fed's interest rate path.

Traders have fully priced in a 25-bp cut this month, with an 8% chance of a jumbo 50-bp rate cut

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Silver trading range for the day is 122110-128460 - Kedia Advisory

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