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03-05-2024 09:25 AM | Source: Kedia Advisory
Sell Silver JUL @ 81700 SL 82300 TGT 81000-80500. MCX - Kedia Advisory
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SILVER
Observations
Silver trading range for the day is 79745-82425.
Silver steadied on expectations Fed would maintain higher interest rates for a longer period.
Fed Chair Jerome Powell indicated that any future rate moves would depend on economic data Silver's appeal as a safe haven diminished as geopolitical tensions in the Middle East eased
The global silver deficit is expected to rise by 17% to 215.3 million troy ounces in 2024 due to a 2% growth in demand
SELL SILVER JUL @ 81700 SL 82300 TGT 81000-80500. MCX
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