Buy Silver MAY @ 237500 SL 235000 TGT 241000-243000. MCX - Kedia Advisory
Silver

BUY SILVER MAY @ 237500 SL 235000 TGT 241000-243000. MCX
Observations
Silver trading range for the day is 232325-245905.
Silver rose as the market balanced amid persistent threat of physical supply shortages and Houthi activity in the Red Sea.
Fed Chair Jerome Powell said the U.S. central bank can wait to see how the Iran war affects the economy and inflation.
As the market awaits key US jobs data the trajectory for silver hinges on the current peace plan's success.
The silver market is expected to remain in deficit for a sixth consecutive year in 2026.
