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08-07-2024 09:42 AM | Source: Kedia Advisory
Buy Silver Sep @ 93000 SL 92400 TGT 93800-94500. MCX - Kedia Advisory
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Silver
Observations
Silver trading range for the day is 90395-95765.
Silver rose underpinned by rising odds that Fed could start cutting interest rates as early as September.
Fed Chair Jerome Powell said that recent data indicated a shift to a disinflationary trend.
Expected stronger demand for silver in renewable energy expansion.
Silver demand in China is assessing due to potential overcapacity in solar panel manufacturing.
BUY SILVER SEP @ 93000 SL 92400 TGT 93800-94500. MCX
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