Sell Silver JUL @ 238000 SL 241000 TGT 234000-232000. MCX - Kedia Advisory
SILVER

SELL SILVER JUL @ 238000 SL 241000 TGT 234000-232000. MCX
Observations
Silver trading range for the day is 228670-242380.
Silver dropped as US inflation data largely matched expectations and the Iran conflict intensified.
Annual inflation accelerated to 4.2% in May, in line with market expectations.
Traders modestly pared back expectations for rate hikes by the Fed this year, although a 25bps increase in December remains fully priced in.
Investors will now turn their attention to Thursday's PPI report for further clues on underlying inflationary pressures.
