2024-04-30 10:22:36 am | Source: Kedia Advisory
Sell Silver Jul @ 82700 SL 83400 TGT 82000-81500. MCX - Kedia Advisory
Silver
Observations
Silver trading range for the day is 81575-83145.
Silver dropped as investors waited for Fed policy meeting and U.S. non-farm payrolls data.
US PCE readings broadly aligned with forecasts but signaled persistent inflationary pressures.
The GDP report hinted that the US economy might not be as resilient as previously thought
Investors are now only confident about a single cut this year, most likely in November, according to the CME's FedWatch tool.
SELL SILVER JUL @ 82700 SL 83400 TGT 82000-81500. MCX
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