2024-06-10 10:51:45 am | Source: Kedia Advisory
Sell Silver Jul @ 89500 SL 90200 TGT 88600-88000. MCX - Kedia Advisory
Silver
Observations
Silver trading range for the day is 84925-96695.
Silver dropped fueled by a robust payrolls report.
Pressure also seen as markets continued to assess the industrial backdrop for key sectors and the extent of dovish policy by major central banks.
The US economy added 272,000 jobs in May, significantly higher than the revised 165,000 in April.
The US imposed 50% tariffs on Chinese imports of solar cells, among the biggest industries for silver in an industrial end.
SELL SILVER JUL @ 89500 SL 90200 TGT 88600-88000. MCX
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