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Buy Silver Jul @ 85000 SL 84500 TGT 85700-86200. MCX - Kedia Advisory
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SILVER
Observation
Silver trading range for the day is 84365-86275.
Silver rose as investors shrugged off concerns about a potential delay in Fed interest rate cuts.
Escalating geopolitical tensions triggered a flight to the safety of bullion after Israeli forces advanced deeper into the northern edge of Gaza
US PPI data indicated persistent inflationary pressures, dampening market expectations of monetary easing by the Fed this year
The focus will now shift to the US CPI release on Wednesday for more clues about Fed's rate path.
BUY SILVER JUL @ 85000 SL 84500 TGT 85700-86200. MCX
