2026-04-21 12:32:01 pm | Source: Kedia Advisory
Buy Silver MAY @ 251000 SL 248500 TGT 254000-256000. MCX - Kedia Advisory
Silver
BUY SILVER MAY @ 251000 SL 248500 TGT 254000-256000. MCX
Observations
Silver trading range for the day is 248915-256175.
Silver dropped as renewed hostilities in the Strait of Hormuz, intensifying inflation concerns.
Commerzbank said it expects the price of silver to reach $90 an ounce by the end of this year.
As at end March 2026, the amount of silver held in London vaults was 27,487 tonnes, a 1.6% increase on previous month.
The silver market is heading for a sixth year of structural deficit, with 762 million troy ounces drawn from stocks since 2021.
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