2026-08-26 10:24:33 am | Source: Kedia Advisory
Buy Silver SEP @ 242000 SL 239000 TGT 246000-248000. MCX - Kedia Advisory
SILVER
BUY SILVER SEP @ 242000 SL 239000 TGT 246000-248000. MCX
Observations
Silver trading range for the day is 239170-247190.
Silver fell as dollar index steadied near 99 supported by safe-haven demand as the US moved to cut Iran off from the global financial system.
Treasury Secretary Scott Bessent announced plans on Monday to isolate Iran through sanctions targeting countries doing business with the Islamic Republic.
Markets speculated that the plan may offer only a temporary solution, while renewing concerns over the risks of a US debt crisis and dollar weakness.
Traders are currently pricing in roughly a 36% chance of a rate hike in September, compared with a 64% probability of rates remaining unchanged.
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