2026-08-20 10:07:56 am | Source: Kedia Advisory
Buy Silver SEP @ 235000 SL 232000 TGT 238000-240000. MCX - Kedia Advisory
SILVER
BUY SILVER SEP @ 235000 SL 232000 TGT 238000-240000. MCX
Observation
Silver trading range for the day is 224635-243375.
Silver prices gains after Treasury says it plans to increase buybacks
However, upside was capped amid rising oil prices as the US and Iran showed little indication of reaching an agreement.
President Trump said there were no ongoing talks with Tehran, while Iranian forces have intensified attacks on shipping in the Hormuz.
Silver net long positions decreasing slightly by 755 contracts to 10,312 contracts.
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