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2026-07-08 10:50:37 am | Source: Kedia Advisory
Buy Silver Sep @ 227000 SL 224000 TGT 231000-234000 MCX - Kedia Advisory
Buy Silver Sep @ 227000 SL 224000 TGT 231000-234000 MCX - Kedia Advisory

Silver

BUY SILVER SEP @ 227000 SL 224000 TGT 231000-234000. MCX

Observations

Silver trading range for the day is 227070-235990.

Silver dropped as investors awaited the minutes of Fed’s June meeting for fresh clues on the outlook for interest rates.

US trade deficit widened sharply to $77.6 billion in May 2026 from a revised $54.6 billion in April, broadly in line with expectations.

Traders now see about a 57% chance of a rate increase in September, down from more than 60% before the data.

Perth Mint's in June, silver sales declined 19% from May to 293,732 ounces.

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