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2026-06-11 11:26:52 am | Source: Kedia Advisory
Sell Silver JUL @ 238000 SL 241000 TGT 234000-232000. MCX - Kedia Advisory
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.

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