2026-08-12 10:33:12 am | Source: Kedia Advisory
Buy Silver SEP @ 232000 SL 229000 TGT 236000-239000. MCX - Kedia Advisory
SILVER
BUY SILVER SEP @ 232000 SL 229000 TGT 236000-239000. MCX
Observations
Silver trading range for the day is 229940-244860.
Silver dropped as investors took profits following a strong rally and assessed the potential impact of surging oil prices on inflation and the interest rate outlook.
Recent data showed Chinese imports of silver-bearing ores jumped 62.5% year-on-year in June to 219,000 tonnes.
Meanwhile, uncertainty remained over a potential US-Iran agreement to end the war and reopen the Strait of Hormuz, keeping markets cautious.
Investors also awaited key US inflation data this week for fresh signals on the Federal Reserve’s policy outlook
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