2024-08-07 09:39:15 am | Source: Kedia Advisory
Buy Silver Sep @ 79200 SL 78500 TGT 80000-80600. MCX - Kedia Advisory
SILVER
Observations
Silver trading range for the day is 77585-81075.
Silver steadied supported by its safe-haven appeal as markets became more risk-averse.
Investors continued to evaluate the likelihood of a US recession following weak economic data
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 @ 79200 SL 78500 TGT 80000-80600. MCX
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