2026-06-29 11:46:41 am | Source: Kedia Advisory
Buy Silver JUL @ 218000 SL 214000 TGT 223000-226000. MCX - Kedia Advisory
SILVER
BUY SILVER JUL @ 218000 SL 214000 TGT 223000-226000. MCX
Observations
Silver trading range for the day is 217940-225530.
Silver recovered as a weaker US dollar and lower Treasury yields provided support after US PCE inflation report.
Inflation remains well above Fed’s 2% target, data eased concerns about a sharper-than-expected acceleration in price pressures.
Traders are pricing in about a 62% chance of a U.S. rate hike in September, lower than an earlier expectation of 64%.
The goods trade deficit in the United States widened to $105.8 billion in May of 2026 from $83 billion in the previous month
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