05-05-2023 11:26 AM | Source: Kedia Advisory
Sell Silver Jul 2023 @ 78500 SL 79200 TGT 77600-77000. MCX - Kedia Advisory
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Silver 

Observations

Silver trading range for the day is 76092-79160

Silver rose after the Federal Reserve delivered another quarter-point rate hike

Heightened recession concerns, U.S. banking woes and the debt ceiling impasse also dented risk sentiment and offered support.

The number of Americans filing for unemployment benefits rose by 13 thousand to 242 thousand.

ECB raised its key interest rates by 25 basis points during its May meeting, signaling a slowing pace of policy tightening.

SELL SILVER Jul 2023 @ 78500 SL 79200 TGT 77600-77000. MCX

 

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