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Buy Silver Sep 2023 @ 70900 SL 70400 TGT 71500-72000. MCX - Kedia Advisory
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Silver
Observations
Silver trading range for the day is 70458-72200
Silver dropped on profit booking after gains on hopes of end to Fed rate hikes
Fed is close to end of rate hiking cycle, central bank officials say
Silver production out of Peru contracted by 7% year-on-year in the first four months of 2023
Solar panel companies are expected to make up 14% of global silver consumption, compared to 5% in 2014.
BUY SILVER Sep 2023 @ 70900 SL 70400 TGT 71500-72000. MCX
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