24-04-2024 11:35 AM | Source: Kedia Advisory
Buy Silver May @ 80200 SL 79500 TGT 81000-81500. MCX - Kedia Advisory
Silver
Observations
Silver trading range for the day is 78865-81675.
Silver steadied as investors returned to the riskier assets after Middle East tensions waned
Hawkish Fed talk lifted the dollar to around six-month peaks, denting the demand for greenback-priced metals.
Several Fed officials reconfirmed a possible delay in loosening cycle due to high inflation pressures and hot economic data.
More clarity on the Fed's rate path could be provided by US GDP figures on Thursday and core PCE reading on Friday.
BUY SILVER MAY @ 80200 SL 79500 TGT 81000-81500. MCX
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