2026-06-16 09:57:10 am | Source: Kedia Advisory
Sell Silver Jul @ 253500 SL 255000 TGT 249500-247500. MCX - Kedia Advisory
Silver
SELL SILVER JUL @ 253500 SL 255000 TGT 249500-247500. MCX
Observations
Silver trading range for the day is 249350-255250.
Silver jumped after the US and Iran reached a peace agreement that would reopen the Strait of Hormuz.
Fed will hold its first policy meeting this week under new chair Kevin Warsh and is widely expected to keep interest rates unchanged.
Markets see a 64% chance of a U.S. interest rate hike in December this year after the peace deal, down from 69% last week
Manufacturing output in US was unchanged in May, missing market expectations for a 0.3% rise.
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