22-08-2024 10:03 AM | Source: Kedia Advisory
Buy Silver Sep @ 84300 SL 83600 TGT 85200-85800. MCX - Kedia Advisory

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SILVER

Observations

Silver trading range for the day is 83770-85820.

Silver prices settled flat as the dollar halted its slide

Inflation continued to moderate in US, boosting bets for a rate cut from the Fed in September.

Fed’s Bowman said she remains cautious about any shift in central bank policy as she sees continued upside risks for inflation.

Perth Mint reported that its silver product sales surged 91% month-on-month to 939,473 ounces in July

Fed’s Bowman said she remains cautious about any shift in central bank policy as she sees continued upside risks for inflation.

BUY SILVER SEP @ 84300 SL 83600 TGT 85200-85800. MCX

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