Buy Silver Jul @ 90800 SL 90600 TGT 90000-89400. MCX - Kedia Advisory
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Silver
Observations
Silver trading range for the day is 87895-92465.
Silver rose after surprisingly soft U.S. consumer inflation report.
The annual core consumer price inflation rate in US eased to an over three-year low of 3.4% in May 2024.
The annual inflation rate in the US unexpectedly slowed to 3.3% in May 2024, the lowest in three months.
Fed’s hawkish signals came with upward revisions for inflation, even though CPI print showed inflation moderated more than expected in May.
BUY SILVER JUL @ 90800 SL 90600 TGT 90000-89400. MCX
