2024-05-24 10:07:20 am | Source: Kedia Advisory
Sell Silver JUL @ 90800 SL 91500 TGT 90000-86300. MCX - Kedia Advisory
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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