05-04-2023 10:46 AM | Source: Kedia Advisory
Buy Silver Jul 2023 @ 76000 SL 75400 TGT 76800-77500. MCX - Kedia Advisory
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Silver

Observations

Silver trading range for the day is 75386-77440

Silver rose as Fed raised the funds rate by 25bps to a range of 5%-5.25%

The S&P Global Manufacturing PMI for the US was revised lower to 50.2 in April 2023

JPM buys most of First Republic Bank's assets

Fed likely to raise rate by 25 bps this week

 

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