24-05-2024 10:07 AM | Source: Kedia Advisory
Sell Silver JUL @ 90800 SL 91500 TGT 90000-86300. MCX - Kedia Advisory

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SILVER

Observations

Silver trading range for the day is 88585-93765.

Silver dropped as Fed’s minutes suggested that some officials were considering raising interest rates.

Traders' sentiment now indicates increasing uncertainty about the Fed making multiple rate cuts in 2024, with a 73% probability of a rate cut by November.

The number of Americans filing new claims for unemployment benefits fell last week

S&P Global PMIs smashed expectations and pointed to a robust economic growth in US private sector activity in May

SELL SILVER JUL @ 90800 SL 91500 TGT 90000-86300. MCX

 

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