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2024-05-29 09:27:19 am | Source: Kedia Advisory
Buy Silver JUL @ 94800 SL 94300 TGT 95600-96400. MCX - Kedia Advisory

SILVER

Observations

Silver trading range for the day is 92105-97895.

Silver prices surged due to favorable macroeconomic conditions and industrial purchasing for precious metals

Markets anticipate multiple rate cuts by the US central bank this year.

Demand for solar panels amid volatile power prices boosted industrial demand for silver.

Fed policy statements need longer passages to describe assessments of economic developments and risks.

BUY SILVER JUL @ 94800 SL 94300 TGT 95600-96400. MCX

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