07-05-2024 12:12 PM | Source: Kedia Advisory
Buy Silver Jul @ 82500 SL 82000 TGT 83200-83800. MCX - Kedia Advisory

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SILVER

Observations

Silver trading range for the day is 81125-83915.

Silver gains as escalating geopolitical tensions in the Middle East boosted demand

Fed’s Williams said that the U.S. central bank's 2 percent inflation target is key to achieving price stability.

Weak U.S. job growth spurred expectations for Fed rate cuts later in the year

The data boosted bets of a September rate cut to 71% on Monday, as per CME's FedWatch Tool.

BUY SILVER JUL @ 82500 SL 82000 TGT 83200-83800. MCX

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