Buy Silver Jul @ 88000 SL 87200 TGT 89000-89800. MCX - Kedia Advisory
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Silver
Observations
Silver trading range for the day is 87390-90210.
Silver dropped as strong economic data in US backed a hawkish outlook for the Federal Reserve.
Market focus has shifted to the U.S. consumer inflation report, due on Wednesday, the same day as the Fed's policy decision.
Bets of the Fed cutting rates in September fell to 50% from around 70% before the jobs data.
Focus will be on comments from Fed Chair Jerome Powell and changes to economic projections from policymakers.
BUY SILVER JUL @ 88000 SL 87200 TGT 89000-89800. MCX
