Sell Silver Jul @ 92400 SL 93200 TGT 91500-90800. MCX - 03 June
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Silver
Observations
Silver trading range for the day is 88895-96485.
Silver dropped on profit booking after US PCE inflation figurescame inline with estimates.
Traders added to bets the Fed will deliver a first rate cut inSeptember.
Fed’s Logan said she believes inflation is still heading to theFed's 2% target, but noted that it is too early to consider cuttinginterest rates.
Fed’s Goolsbee said that housing inflation remains a keysticking point in price growth and that the US labor market remains quite strong
SELL SILVER JUL @ 92400 SL 93200 TGT 91500-90800. MCX
