06-08-2024 12:20 PM | Source: Kedia Advisory
Buy Silver Sep @ 79200 SL 78500 TGT 80000-80600. MCX - Kedia Advisory
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SILVER
Observations
Silver trading range for the day is 75290-85560.
Silver plunged as mounting growth concerns and the widespread selloff in financial markets offset safe-haven demand.
US economy added far fewer jobs than expected in July, fueling worries that the Federal Reserve may already be too late in averting an economic downturn.
COMEX silver inventory stood at 302.739 Moz as of July.
Global silver ETF holdings reached 714.47 Moz, a two and a half-month high
BUY SILVER SEP @ 79200 SL 78500 TGT 80000-80600. MCX
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