Silver Trading Strategy: 50bps cut could help Silver clear Rs 90,400 hurdle

Q: How long will it take to read this news story?

The story "Silver Trading Strategy: 50bps cut could help Silver clear Rs 90,400 hurdle" has 670 words across 32 sentences, which will take approximately 3 - 6 minutes for the average person to read.

Q: Which news outlet covered this story?

The story "Silver Trading Strategy: 50bps cut could help Silver clear Rs 90,400 hurdle" was covered 5 hours ago by Business Standard, a news publisher based in India.

Q: How trustworthy is 'Business Standard' news outlet?

Business Standard is a fully independent (privately-owned) news outlet established in 1975 that covers mostly business and finance news. The outlet is headquartered in India and publishes an average of 284 news stories per day. It's most recent story was published 3 hours ago.

Q: What do people currently think of this news story?

The sentiment for this story is currently Neutral, indicating that people are not responding positively or negatively to this news.

Q: How do I report this news for inaccuracy?

You can report an inaccurate news publication to us via our contact page. Please also include the news #ID number and the URL to this story.<ul><li>News ID: #22574076</li><li>URL: https://beamstart.com/news/silver-trading-strategy-50bps-cut-17266382668130</li></ul>

Business Standard Logo Business Standard 5h ago

Silver Trading Strategy: 50bps cut could help Silver clear Rs 90,400 hurdle - Business Standard

Quick Summary:

Silver price outlook by Sharekhan: Silver has got many supporting factors to push it higher as the Fed begins slashing rates.

The ten-year US yields were seen at 3.65 per cent, up around 0.75 per cent on the day, whereas the two-year yields at 3.59 per cent were up over 1 per cent.

While a 50-bps rate cut will help the metal clear the stiff hurdle at $31.10 (Rs 90,400) to challenge resistances at $31.55 (Rs 91,700) and $32.52 (Rs 94,500) eventually, a 25-bps rate cut with a balanced FOMC statements might take the metal down to $29 (Rs 84,300).