02-08-2024 09:29 AM | Source: Kedia Advisory
Buy Silver Sep @ 82000 SL 81400 TGT 82700-83400. MCX - Kedia Advisory
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Silver
Observations
Silver trading range for the day is 81190-85240.
Silver dropped as dollar index rose to 104.3, as traders digest the monetary policy outlook.
Fed hints that it may be ready to commence its cutting cycle in September.
The ISM Manufacturing PMI fell to 46.6 in July of 2024 from 48.5 in the previous month.
The number of Americans filing new applications for unemployment benefits increased to an 11-month high last week.
BUY SILVER SEP @ 82000 SL 81400 TGT 82700-83400. MCX
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