Sell Silver MAY @ 236000 SL 238500 TGT 232500-231000. MCX - Kedia Advisory
SILVER
SELL SILVER MAY @ 236000 SL 238500 TGT 232500-231000. MCX
Observations
Silver trading range for the day is 227865-241465.
Silver dropped as stalled US-Iran peace talks and the ongoing closure of the Strait of Hormuz fueled concerns over rising inflation.
President Donald Trump said Iran has called on the US to lift its naval blockade of the strait while negotiations to end the conflict continue.
US housing starts rose 10.8% month-on-month to a seasonally adjusted annual rate of 1.502 million in March 2026
US building permits fell 10.8% month-on-month in March 2026, the lowest since August 2025
