2026-08-10 11:44:03 am | Source: Kedia Advisory
Buy Silver SEP @ 228000 SL 225000 TGT 233000-236000. MCX - Kedia Advisory
SILVER
BUY SILVER SEP @ 228000 SL 225000 TGT 233000-236000. MCX
Observations
Silver trading range for the day is 223475-239475.
Silver rose as markets reconsidered the likelihood that the Federal Reserve will hike rates this year.
New jobs data showed an unexpected drop in payrolls, limiting the leeway for higher rates to attend inflationary pressures.
Nonfarm payrolls unexpectedly fell by 23,000 in July And unemployment rate edged down to 4.1%.
Industrial demand continued to underpin silver prices, with Chinese imports of silver-bearing ores surging 62.5% YOY in June to 219,000 tonnes.
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