2024-07-16 12:26:21 pm | Source: Kedia Advisory
Buy Silver Sep @ 92000 SL 91500 TGT 92800-93500. MCX - Kedia Advisory
SILVER
Observations
Silver trading range for the day is 91650-93920.
Silver dropped as dollar firmed and investors reacted to weak economic data from China.
Investors geared up for a key political meeting in China where top officials are expected to tackle reforms and modernization plans.
Industrial demand for silver, driven by green energy, AI and EVs, now accounts for 64% of global silver consumption.
In 2023, the supply for silver came short of demand by 142 million ounces, while this shortfall is expected to nearly double to 265 million ounces this year.
BUY SILVER SEP @ 92000 SL 91500 TGT 92800-93500. MCX
Disclaimer:
The content of this article is for informational purposes only and should not be considered financial or investment advice. Investments in financial markets are subject to market risks, and past performance is not indicative of future results. Readers are strongly advised to consult a licensed financial expert or advisor for tailored advice before making any investment decisions. The data and information presented in this article may not be accurate, comprehensive, or up-to-date. Readers should not rely solely on the content of this article for any current or future financial references.
To Read Complete Disclaimer Click Here
Latest News
India`s eSankhyiki?data platform cruises to 134 mn r...
HUL`s profit up 19 pc in Q3, acquires 90.5 pc stake ...
Daily Market Commentary : Nifty IT gained traction o...
Daily Market Analysis : The Markets Rebound After Vo...
Post-Market Comment by Mandar Bhojane, Research Anal...
Quote on Market Wrap by Shrikant Chouhan, Head of Eq...
WEF: 5 new Indian industrial clusters commit to econ...
Sensex jumps 566 points, Nifty holds at 23,000 as US...
Centre hikes MSP of raw jute by Rs 315 for 2025-26 s...
WEF 2025: Urban mobility a major focus for Telangana...
