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Buy Silver Sep @ 84000 SL 83400 TGT 84800-85500. MCX - Kedia Advisory
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SILVER
Observations
Silver trading range for the day is 82790-85570.
Silver gains as the dollar index fell toward 102, hitting its weakest levels in nearly eight months.
Prices seen supported amid expectations that the Federal Reserve will have to lower borrowing costs soon to avert an economic downturn.
India’s silver imports jumped to $648.44 million during April-July 2024 as against $214.92 million in the year-ago period.
Fed’s Goolsbee said that the US labor market and some leading economic indicators are flashing warning signs, citing rising levels of credit card delinquencies.
BUY SILVER SEP @ 84000 SL 83400 TGT 84800-85500. MCX
