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12-07-2024 09:08 AM | Source: Kedia Advisory
Buy Silver Sep @ 93500 SL 92800 TGT 94500-95500. MCX - Kedia Advisory
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Silver

Observations

Silver trading range for the day is 92535-95415.

Silver rose as dollar dropped after data showed headline consumer prices unexpectedly fell in June.

Data showed the consumer price index dipped 0.1% last month after being unchanged in May

Traders are pricing in an 89% probability of a rate cut in September, up from 73% on Wednesday

Powell maintained a cautious stance, acknowledging improved inflation.

BUY SILVER SEP @ 93500 SL 92800 TGT 94500-95500. MCX

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