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2026-08-04 10:45:36 am | Source: Kedia Advisory
Buy Silver SEP @ 214000 SL 212000 TGT 217000-219000. MCX - Kedia Advisory
Buy Silver SEP @ 214000 SL 212000 TGT 217000-219000. MCX - Kedia Advisory

SILVER

BUY SILVER SEP @ 214000 SL 212000 TGT 217000-219000. MCX

Observations

Silver trading range for the day is 211020-222260.

Silver dropped as easing geopolitical tensions weighed on demand for safe-haven assets, offsetting support from a weaker US dollar.

COMEX silver speculators reduced their net long positions by 1,614 contracts to 8,387 contracts.

Markets are currently pricing in about a 68% chance of a 25 basis point Fed rate hike in September.

Investors also turned their focus to a packed week of US labor market data, highlighted by Friday’s closely watched monthly jobs report.

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