2026-05-22 11:26:45 am | Source: Kedia Advisory
SELL SILVER JUL @ 277000 SL 279000 TGT 272000-270000. MCX
Silver
SELL SILVER JUL @ 277000 SL 279000 TGT 272000-270000. MCX
Observations
Silver trading range for the day is 266295-279795
Silver recoveres on short covering after pressure seen as hopes for a US-Iran peace deal diminished.
Fed highlighted that some policy firming would likely become appropriate if inflation were to continue to run persistently above 2%.
The number of people claiming unemployment benefits in the US fell by 3,000 to 209,000 on the second week of May.
US housing starts were down 2.8% month-on-month to a seasonally adjusted annual rate of 1.465 million in April 2026.
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