2025-01-28 10:15:11 am | Source: Kedia Advisory
Sell Silver Mar @ 90600 SL 91200 TGT 90000-89500. MCX - Kedia Advisory
SILVER
Observation
Silver trading range for the day is 88305-92345.
Silver dropped following US President Trump’s threat to impose tariffs and sanctions on Colombia.
Market sentiment was also weighed down by data showing that manufacturing activity in China, unexpectedly contracted.
Ongoing supply concerns, particularly in London vaults, coupled with strong industrial demand continue to support prices.
Fed is widely expected to hold interest rates steady , though it faces increasing pressure from Trump to cut borrowing costs immediately.
SELL SILVER MAR @ 90600 SL 91200 TGT 90000-89500. MCX
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