2026-03-23 12:05:40 pm | Source: Kedia Advisory
SELL SILVER MAY @ 228000 SL 231000 TGT 224000-220000. MCX - Kedia Advisory
Silver
SELL SILVER MAY @ 228000 SL 231000 TGT 224000-220000. MCX
Observations
Silver trading range for the day is 213330-246720.
Silver fell as surging energy prices fueled inflation concerns and reduced expectations for interest rate cuts.
Fed kept rates unchanged, signaling that cuts are unlikely until inflation shows clear easing.
The ECB, BOJ, and BOE also left rates steady but struck more hawkish tones, indicating a bias toward tighter policy.
Markets now push Fed easing to 2027 and price in two BoE hikes this year, weighing heavily on silver’s outlook.
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