06-08-2023 12:10 PM | Source: Kedia Advisory
Buy Silver Jul 2023 @ 71250 SL 70650 TGT 71900-72400. MCX - Kedia Advisory
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Silver

Observations

Silver trading range for the day is 70532-73720

Silver dropped as markets reassessed the outlook for monetary policy by Fed.

Fed officials indicated some favor for a skip in the central bank’s tightening for the June meeting

The World Bank raised its 2023 global growth forecast as U.S. and other major economies have proven more resilient than forecast.

The U.S. services sector barely grew in May and new orders for manufactured goods rose by slightly less than expected in April

BUY SILVER Jul 2023 @ 71250 SL 70650 TGT 71900-72400. MCX

 

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