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2026-09-11 10:40:12 am | Source: Kedia Advisory
Sell Silver DEC @ 237000 SL 240000 TGT 232000-230000. MCX - Kedia Advisory
Sell Silver DEC @ 237000 SL 240000 TGT 232000-230000. MCX - Kedia Advisory

SILVER

SELL SILVER DEC @ 237000 SL 240000 TGT 232000-230000. MCX

Observations 

Silver trading range for the day is 226500-248100.

Silver dropped as dollar rose to 99, as rally in oil prices prompted investors to increase bets on a Fed rate hike.

The yield on the 10-year US Treasury note rose to 4.9%.

Markets are now pricing a 70% chance of a 25bps increase, up from 60%, while a hike is fully priced in for October.

The CPI report on Friday will be key in assessing the outlook for price pressures.

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