Sell Silver MAY @ 243500 SL 245500 TGT 240000-237000. MCX - Kedia Advisory
Silver

SELL SILVER MAY @ 243500 SL 245500 TGT 240000-237000. MCX
Observations
Silver trading range for the day is 237290-247740.
Silver dropped as investors remained cautious ahead of stalled US-Iran peace talks and a packed week of economic data.
Rising inflation risks and potential central bank rate hikes continue to weigh on the appeal of non-yielding assets like silver.
CME Group lowered the initial margin on its COMEX 5,000 silver futures to 11% from 14%.
Fed is widely expected to keep the federal funds rate unchanged, with no further rate changes anticipated for the remainder of the year
