2026-06-02 11:40:09 am | Source: Kedia Advisory
Sell Silver Jul @ 269000 SL 272000 TGT 265000-263000. MCX - Kedia Advisory
Silver
SELL SILVER JUL @ 269000 SL 272000 TGT 265000-263000. MCX
Observations
Silver trading range for the day is 259065-272235.
Silver dropped as renewed setbacks in US-Iran negotiations added to geopolitical uncertainty and pushed oil prices higher.
Fed’s Bowman said the Middle East war's impact on the economy, while still being measured.
Fed’s Paulson said "mildly restrictive" monetary policy is "well positioned" for an uncertain outlook where inflation pressures remain too high.
The net long position in COMEX silver futures declined by 1,517 contracts, falling to 10,244 contracts – CFTC
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