2026-05-08 11:32:16 am | Source: Kedia Advisory
Buy Silver JUL @ 256500 SL 254500 TGT 259500-261500. MCX - Kedia Advisory
SILVER
BUY SILVER JUL @ 256500 SL 254500 TGT 259500-261500. MCX
Observations
Silver trading range for the day is 248805-270365.
Silver rallied on renewed hopes for a peace deal that could bring a gradual reopening of the strait.
Fed’s Goolsbee warned that inflation has not continued to cool toward the US central bank’s 2% target.
Markets trimmed bets on U.S. Federal Reserve rate hikes by December to around 12% from 16%.
Investors are now awaiting the U.S. employment report to assess how the Fed will move forward with monetary policy this year.
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