Sell Silver Jul 2023 @ 69800 SL 70200 TGT 69200-68850. MCX - Kedia Advisory
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Silver
Observations
Silver trading range for the day is 68632-70210
Silver steadied as traders positioned for Fed Chair speech and economic data
New orders for key U.S.-manufactured capital goods unexpectedly rose in May, but the prior month's data was revised down.
Investors await further hints on the future rate path and will closely monitor appearances from several Fed officials.
Market participants are currently assigning a nearly 77% chance the Fed will deliver a 25bps increase in the fed funds rate in July.
SELL SILVER Jul 2023 @ 69800 SL 70200 TGT 69200-68850. MCX
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