07-06-2024 09:44 AM | Source: Kedia Advisory
Buy Silver Jul @ 93400 SL 92800 TGT 94400-95200. MCX - Kedia Advisory

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Silver

Observations

Silver trading range for the day is 89790-95910.

Silver rose as investors are increasingly convinced the Fed may deliver the first-rate cut in September.

The US 10-year Treasury note yield was around 4.3%, holding close to two-month lows.

Initial unemployment claims unexpectedly soared to their highest since the eight-month high in early May

Signs of a softening job market in the US compounded pressure on dollar from a more hawkish outlook for the ECB

 

BUY SILVER JUL @ 93400 SL 92800 TGT 94400-95200. MCX

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