2026-03-24 11:42:59 am | Source: Kedia Advisory
SELL SILVER MAY @ 226500 SL 228500 TGT 224000-222000. MCX - Kedia Advisory
Silver
SELL SILVER MAY @ 226500 SL 228500 TGT 224000-222000. MCX
Observations
Silver trading range for the day is 188380-247690. Silver pared early losses after President Trump delayed strikes on Iran for five days, citing "productive conversations" with Tehran. However, Iran’s Fars News Agency denied any negotiations, attributing Trump’s move to Iran’s threat to strike all West Asian power plants. Last week, silver crashed over 15% as markets braced for prolonged monetary tightening, including a possible Fed rate hike by year-end. The ECB, BoE, and BoJ also held rates but warned of further tightening if inflation persists.
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