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Buy Silver Sep @ 80000 SL 79500 TGT 80800-81500. MCX - Kedia Advisory
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SILVER
Observations
Silver trading range for the day is 78575-82505.
Silver dropped as markets assessed the latest price data for hints on Fed’s monetary policy outlook.
Consumer inflation in the US eased to 2.9% in July, less than market expectations
Australian miner Perth Mint reported that its silver product sales surged 91% month-on-month to 939,473 ounces in July
Fed Bowman said that despite softer inflation numbers for May and June, inflation remains uncomfortably above the FOMC’s 2% target.
BUY SILVER SEP @ 80000 SL 79500 TGT 80800-81500. MCX
