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10-05-2024 09:41 AM | Source: Kedia Advisory
Buy Silver Jul @ 84000 SL 83400 TGT 84700-85200. MCX - Kedia Advisory

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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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