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2026-06-09 11:07:12 am | Source: Kedia Advisory
SELL SILVER JUL @ 248000 SL 250000 TGT 245000-243000. MCX - Kedia Advisory
SELL SILVER JUL @ 248000 SL 250000 TGT 245000-243000. MCX - Kedia Advisory

Silver

SELL SILVER JUL @ 248000 SL 250000 TGT 245000-243000. MCX

Observations

Silver trading range for the day is 233550-257420.

Silver dropped after strong U.S. jobs data boosted expectations of a Federal Reserve rate hike.

Israel and Iran traded strikes, pushing oil prices higher and fuelling inflation concerns.

CFTC: For the week ended June 2, speculative net long positions in COMEX silver futures rose by 188 contracts to 10,433 contracts.

Markets are now pricing in a more than 70% chance of a Fed rate hike in December, up from 45% a week ago

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