Buy Silver Sep @ 89400 SL 88800 TGT 90200-90800. MCX - Kedia Advisory
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Silver
Observations
Silver trading range for the day is 88480-90860.
Silver steadied as investors continued to assess the recent US inflation data.
The ISM Manufacturing PMI unexpectedly declined to 48.5 in June 2024 from 48.7 in May
Construction spending in US fell by 0.1% month-over-month to a seasonally adjusted annual rate of $2,140 billion in May 2024
Investors' attention will now focus on the US payrolls report and FOMC minutes due this week to seek clarity on the timing of Fed rate cuts.
BUY SILVER SEP @ 89400 SL 88800 TGT 90200-90800. MCX
