Silver trading range for the day is 73182-76620 - Kedia Advisory
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SILVER
Observations
Silver trading range for the day is 73182-76620
Silver gains underpinned by growing expectations that major central banks may be nearing the end of the current monetary policy tightening cycle Data showed that annual core PCE prices rose 4.1% in June, the lowest since September 2021
Fed's favorite inflation gauge slowed to a two-year low in June, easing concerns about the outlook for interest rates.
The inflation outlook is "quite positive", and the base case scenario seems to be that we would avoid a recession, Fed Neel Kashkari said.
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