Buy Silver Jul @ 89600 SL 88800 TGT 90400-91200. MCX - Kedia Advisory
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Silver
Observations
Silver trading range for the day is 88420-90980.
Silver rose on short covering after prices dropped amid a stronger-than-expected U.S. jobs report
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 @ 89600 SL 88800 TGT 90400-91200. MCX
