2025-09-19 09:45:06 am | Source: Kedia Advisory
Silver trading range for the day is 124600-128800. - Kedia Advisory
Silver
Be Cautious. Important resistance at 128800 while Support at 125500.
Observations
Silver trading range for the day is 124600-128800.
Silver rebounds on short covering after Fed’s expected quarter-point rate cut
The Fed signaled two more reductions this year but only one in 2026, pushing back against expectations for two or three cuts next year.
The Bank of England voted 7–2 to keep Bank Rate unchanged at 4%, with two members favoring a 25 bps cut to 3.75%.
Initial jobless claims in the US sank by 33,000 from the previous week to 231,000 on the second week of September.
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