Buy Silver Jul @ 91200 SL 90500 TGT 92000-92800. MCX - Kedia Advisory
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Silver
Observations
Silver trading range for the day is 89310-93030.
Silver climbed as weaker-than-expected US economic data bolstered bets that Fed will cut interest rates twice this year.
The number of people claiming unemployment benefits in the US eased by 5,000 to 238,000 on the second week of June
Fed’s Goolsbee said he felt "relief" after data showed consumer inflation in May did not rise from the month earlier.
Traders are currently pricing in about a 64% chance of a Fed rate cut in September
BUY SILVER JUL @ 91200 SL 90500 TGT 92000-92800. MCX
