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
