Powered by: Motilal Oswal
2024-07-11 09:07:24 am | Source: Kedia Advisory
Buy Silver Sep @ 92400 SL 91800 TGT 93200-93800. MCX - Kedia Advisory

Silver

Observations

Silver trading range for the day is 91995-94195.

Silver steadied after Fed Powell's comments suggested the case for interest rates cuts is getting stronger

Powell maintained a cautious stance, acknowledging improved inflation.

Soft US economic data reinforced expectations for rate reductions from the US central bank

The key CPI report due Thursday will be keenly watched for further clues on how inflationary pressures in the economy are evolving.

BUY SILVER SEP @ 92400 SL 91800 TGT 93200-93800. 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