21-05-2024 11:56 AM | Source: Kedia Advisory
Buy Silver JUL @ 95000 SL 94400 TGT 95800-96500. MCX - Kedia Advisory
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SILVER
Observations
Silver trading range for the day is 90250-97990.
Silver climbed to all time high fueled by robust investment and industrial demand.
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 @ 95000 SL 94400 TGT 95800-96500. MCX
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