2026-07-07 12:13:23 pm | Source: Kedia Advisory
Buy Silver SEP @ 233000 SL 230000 TGT 237000-240000. MCX - Kedia Advisory
SILVER
BUY SILVER SEP @ 233000 SL 230000 TGT 237000-240000. MCX
Observations
Silver trading range for the day is 233425-239275.
Silver dropped on profit booking and firmness in dollar after prices gained as weaker-than-expected US jobs data.
Services PMI in the US fell to 54.0 in June 2026, down from 54.5 in May, matching market expectations.
Traders now see about a 50% chance of a rate increase in September, down from more than 60% before the data.
The release of Fed’s minutes, Kevin Warsh's first as Fed chair, on Wednesday will be in focus for investors later this week.
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