16-09-2024 11:06 AM | Source: Kedia Advisory
Silver trading range for the day is 86310-91260 - Kedia Advisory
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SILVER
Observations
Silver trading range for the day is 86310-91260.
Silver rose as the dollar weakened amid prospects of a U.S. interest rate cut next week
Support also seen amid speculation about an outsized rate cut at next week's Federal Reserve policy meeting.
The latest data showed U.S. producers saw mixed price pressures last month.
CME FedWatch Tool currently suggests rates will lower by at least a full percentage point following the Fed's December meeting.
BUY SILVER DEC @ 88600 SL 88000 TGT 89400-90000. MCX
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