2024-08-21 09:17:25 am | Source: Kedia Advisory
Buy Silver Sep @ 84200 SL 83600 TGT 85000-85600. MCX - Kedia Advisory
SILVER
Observations
Silver trading range for the day is 83485-86465.
Silver rose amid expectations that Fed will start cutting interest rates in September.
A chorus of Fed officials warned about rising risks to the labor market and the broader economy in the US
Australian miner Perth Mint reported that its silver product sales surged 91% month-on-month to 939,473 ounces in July, the highest level since February.
Markets are currently pricing in nearly 100 basis points in total Fed easing this year
BUY SILVER SEP @ 84200 SL 83600 TGT 85000-85600. MCX
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