2026-04-06 12:27:06 pm | Source: Kedia Advisory
Sell Silver MAY @ 233500 SL 235500 TGT 230500-229000. MCX - Kedia Advisory
Silver
SELL SILVER MAY @ 233500 SL 235500 TGT 230500-229000. MCX
Observations
Silver trading range for the day is 214965-251565.
Silver prices dropped as the Middle East war rages on, fuelling concerns around inflation and a hawkish monetary policy response.
Prices dropped due to rising expectations of hawkish monetary policy and as the dollar emerged as a safe-haven winner.
Traders have almost completely priced out any chance of a U.S. Federal Reserve rate cut this year.
The US unemployment rate fell to 4.3% in March 2026 from 4.4% in February, below market expectations of 4.4%.
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