Silver trading range for the day is 86310-91260

2024-09-16 11:06:57 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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Silver trading range for the day is 86310-91260 - Kedia Advisory

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