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2026-05-05 11:33:08 am | Source: Kedia Advisory
Buy Silver JUL @ 241500 SL 239000 TGT 244500-246500. MCX - Kedia Advisory
Buy Silver JUL @ 241500 SL 239000 TGT 244500-246500. MCX - Kedia Advisory

SILVER

BUY SILVER JUL @ 241500 SL 239000 TGT 244500-246500. MCX

Observations

Silver trading range for the day is 235300-255530.

Silver dropped as rising Middle East tensions stoked inflation fears.

Iran’s Fars news agency said two missiles hit a US Navy frigate in the Strait of Hormuz, calling it a breach of "traffic and shipping security".

IRGC Navy released a map designating areas of the Strait under Iranian military control.

Now in its tenth week, the conflict has pushed energy prices up sharply, fueling inflation concerns.

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