2025-06-13 10:12:05 am | Source: Kedia Advisory
BUY SILVER JUL @ 105500 SL 104500 TGT 106500-107500. MCX - Kedia Advisory
SILVER
BUY SILVER JUL @ 105500 SL 104500 TGT 106500-107500. MCX
Observations
Silver trading range for the day is 102975-107945.
Silver gains as investors reacted to softer US economic data and rising geopolitical risks.
The US Producer Price Index rose just 0.1% in May, below the expected 0.2%.
Traders see an 80% chance of a September Fed rate cut, with a second rate cut as soon as October.
Initial jobless claims held at an eight-month high, and continuing claims surged to their highest level since November 2021.
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