2026-03-12 12:50:13 pm | Source: Kedia Advisory
BUY SILVER MAY @ 266500 SL 264500 TGT 269000-271000. MCX - Kedia Advisory
SILVER
BUY SILVER MAY @ 266500 SL 264500 TGT 269000-271000. MCX
Observations
Silver trading range for the day is 258295-282095.
Silver prices dropped as dollar recovered as investors evaluated escalating tensions in the Middle East alongside fresh US inflation data.
US inflation held steady at 2.4% in February, before the Iran war began.
Fed is widely expected to keep rates steady next week, with traders anticipating only one 25bp cut this year, potentially in September.
As at end February 2026, the amount of silver held in London vaults was 27,065 tonnes, down by a 2.4% from previous month.
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