2024-09-05 10:49:09 am | Source: Kedia Advisory
Silver trading range for the day is 81950-84840 - Kedia Advisory
SILVER
Observations
Silver trading range for the day is 81950-84840.
Silver rose as dollar fell to 101.5 amid expectations that Fed will deliver aggressive rate cuts this year.
Prospects of a US recession dampens the demand outlook for materials including silver, prompting traders to rush for safer assets like the dollar.
The number of Americans filing new applications for jobless benefits slipped last week
Global economic uncertainties and growth concerns in top consumer China have been weighing on the outlook
BUY SILVER DEC @ 83000 SL 82500 TGT 83800-84500. MCX
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