2025-09-10 09:50:04 am | Source: Kedia Advisory
Silver trading range for the day is 122945-127035 - Kedia Advisory
Silver
Be Cautious. Important resistance at 126000 while Support at 122800.
Observations
Silver trading range for the day is 122945-127035.
Silver dropped on profit booking after prices bolstered by mounting expectations of 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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