Buy Silver JUL @ 94400 SL 93500 TGT 95300-96000. MCX - Kedia Advisory
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SILVER
Observations
Silver trading range for the day is 91340-97640.
Silver retreats from new record highs, as investors weighed the recent remarks from Fed officials.
US consumer inflation data and key monthly jobs report bolstered the chances of Fed rate reductions in 2024.
Prices continued to benefit from its use in solar panels, and push the market into its fourth consecutive deficit.
The global silver deficit is expected to rise by 17% to 215.3 million troy ounces in 2024
BUY SILVER JUL @ 94400 SL 93500 TGT 95300-96000. MCX
