SELL SILVER JUL @ 265000 SL 267500 TGT 262000-260000. MCX - Kedia Advisory
Silver

SELL SILVER JUL @ 265000 SL 267500 TGT 262000-260000. MCX
Observations
Silver trading range for the day is 258830-269560.
Silver prices fell as dollar index strengthened further to 99.4, reaching the highest level in about two months
Stronger-than-expected US labor market data reinforced expectations that Fed may keep interest rates elevated for an extended period.
Investors are now focused on Friday’s closely watched nonfarm payrolls report for further clues on the trajectory of monetary policy.
India has tightened restrictions on silver imports by adding grain and powder forms to the list of restricted categories.
