2026-05-06 11:24:53 am | Source: Kedia Advisory
Buy Silver JUL @ 242500 SL 240500 TGT 246000-248000. MCX - Kedia Advisory
SILVER
BUY SILVER JUL @ 242500 SL 240500 TGT 246000-248000. MCX
Observations
Silver trading range for the day is 240415-249305.
Silver climbed as investors monitored escalating Middle East tensions and their potential to stoke inflation.
Inflation fears continue to fuel bets for more hawkish central banks and undermine the bullion.
US building permits fell 11.4% month-over-month to a seasonally adjusted annualized rate of 1.363 million in March 2026.
US trade deficit widened to $60.3 billion in March of 2026 from the revised $57.8 billion gap in the previous month.
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