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SILVER

Observations

Silver trading range for the day is 70274-75310

Silver rose as the slower-than-expected inflation rate in US pressured dollar

Headline annual inflation fell to 3% in June from 4% in the previous month, slightly below market expectations of 3.1%.

Core consumer prices edged 0.2% higher from the previous month, the least in over two years.

The data followed a series of signals from Fed officials stating that the current tightening cycle is approaching its end.

Buy Silver Sep 2023 @ 73000 SL 72200 TGT 73800-74400. MCX - Kedia Advisory

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