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19-04-2024 09:12 AM | Source: Kedia Advisory
Buy Silver May @ 83000 SL 82400 TGT 83800-84500. MCX - Kedia Advisory
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SILVER

Observation

Silver trading range for the day is 82530-84370.

Silver dropped on profit booking after prices gained amid looming geopolitical risks in the Middle East.

Silver's growing industrial applications, primarily in electronics and solar power, have boosted the commodity

Strong U.S. retail sales data and Powell's hawkish comments raised the possibility of prolonged restrictive policy.

Global silver deficit to rise in 2024 due to higher demand, lower supply

BUY SILVER MAY @ 83000 SL 82400 TGT 83800-84500. MCX

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