2024-05-16 11:09:54 am | Source: Kedia Advisory
Buy Silver Jul @ 86500 SL 86000 TGT 87200-87800. MCX - Kedia Advisory
SILVER
Observation
Silver trading range for the day is 84530-88140.
Silver gains as US economic data fueled bets for interest rate cuts by Fed.
U.S. consumer prices increased less than expected in April, suggesting that inflation resumed its downward trend.
U.S. retail sales were unexpectedly flat in April as higher gasoline prices pulled spending away from other goods.
Markets are currently betting on more than a 69% chance of a Fed rate reduction in September
BUY SILVER JUL @ 86500 SL 86000 TGT 87200-87800. MCX
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