Sell Silver JUL @ 81700 SL 82300 TGT 81000-80500. MCX

2024-05-03 09:25:10 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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Sell Silver JUL @ 81700 SL 82300 TGT 81000-80500. MCX - Kedia Advisory

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