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2026-08-03 10:29:01 am | Source: Kedia Advisory
Buy Silver SEP @ 215000 SL 212000 TGT 219000-22000. MCX - Kedia Advisory
Buy Silver SEP @ 215000 SL 212000 TGT 219000-22000. MCX - Kedia Advisory

SILVER

BUY SILVER SEP @ 215000 SL 212000 TGT 219000-22000. MCX

Observations

Silver trading range for the day is 213220-221890.

Silver prices dropped as Middle East worries and uncertainty over the Federal Reserve's rate path persist.

The U.S. inflation slowed in June, but the easing was likely temporary as renewed hostilities in the Middle East lifted oil prices.

Traders are now pricing in a 67% chance of a rate hike in September, versus an over 80% chance a week before – CME

Commerzbank expects silver to reach $67 per troy ounce (previously: $80) and $80 by the end of 2027 (previously: $90)

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