2024-05-10 09:41:05 am | Source: Kedia Advisory
Buy Silver Jul @ 84000 SL 83400 TGT 84700-85200. MCX - Kedia Advisory
SILVER
Observation
Silver trading range for the day is 82585-85535.
Silver gains after initial jobless claims unexpectedly soared to 6-month highs
Initial claims for state unemployment benefits increased 22,000 to a seasonally adjusted 231,000.
Fed’s Collins said that the U.S. economy needs to cool off as an avenue toward getting inflation back to the central bank’s 2% target.
The focus will now shift to Fed's meeting and non-farm payrolls release this week for further guidance on rate path.
BUY SILVER JUL @ 84000 SL 83400 TGT 84700-85200. MCX
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