2026-07-06 09:52:27 am | Source: Kedia Advisory
Buy Silver Sep @ 235000 SL 232000 TGT 240000-243000 MCX - Kedia Advisory
Silver
BUY SILVER SEP @ 235000 SL 232000 TGT 240000-243000. MCX
Observations
Silver trading range for the day is 235215-239975.
Silver rose as weaker-than-expected US jobs data dampened expectations for a near-term Federal Reserve interest rate hike.
US nonfarm payrolls grew by only 57,000 in June, the smallest increase in four months and well below the 110,000 forecast.
US dollar also weakened, heading for its biggest weekly drop since April, which further boosted precious metals.
Fed Warsh said that inflation expectations are moderating while reaffirming the central bank’s commitment to maintaining price stability.
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