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08-08-2024 11:08 AM | Source: Kedia Advisory
Buy Silver Sep @ 78600 SL 78000 TGT 79400-79800. MCX - Kedia Advisory
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SILVER
Observations
Silver trading range for the day is 78130-80280
Silver dropped as the dollar index rose to around 103.2
India June silver import 219.69 tn v 162.45 tn in May and 60.43 tn last year
Fed’s Daly stated that she was open to cutting interest rates if necessary
Traders anticipate 100 basis points of easing this year from the Fed, with a 50 bps cut in September priced in at over 70% chance.
BUY SILVER SEP @ 78600 SL 78000 TGT 79400-79800. MCX
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