2025-03-06 11:32:15 am | Source: Kedia Advisory
Buy Silver May @ 97000 SL 96400 TGT 97800-98400. MCX - Kedia Advisory
Silver
BUY SILVER MAY @ 97000 SL 96400 TGT 97800-98400. MCX
Observations
Silver trading range for the day is 95795-98715.
Silver gains driven by a weaker dollar and heightened safe-haven demand amid escalating trade conflicts.
The yield on the 10-year US note fell toward the 4.2%, as pessimistic economic data magnified concerns of an escalating trade war.
Hecla Mining, reported a 13% increase in silver output for 2024, mining 16.2 million ounces, second-highest level in its 134-year history.
Silver inventories at Comex (New York) have risen to a record high as the metal pushes prices month-over-month.
Disclaimer:
The content of this article is for informational purposes only and should not be considered financial or investment advice. Investments in financial markets are subject to market risks, and past performance is not indicative of future results. Readers are strongly advised to consult a licensed financial expert or advisor for tailored advice before making any investment decisions. The data and information presented in this article may not be accurate, comprehensive, or up-to-date. Readers should not rely solely on the content of this article for any current or future financial references.
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