2026-04-13 11:55:56 am | Source: Kedia Advisory
Sell Silver MAY @ 244000 SL 246000 TGT 241000-239000. MCX - Kedia Advisory
Silver
SELL SILVER MAY @ 244000 SL 246000 TGT 241000-239000. MCX
Observations
Silver trading range for the day is 237120-248130.
Silver dropped as investor focus on US-Iran diplomatic talks in Islamabad.
US CPI report showed inflation at 3.3%, the highest since May 2024, with a 0.9% monthly jump, the steepest since mid-2022.
Markets are pricing in a 31% chance for a U.S. rate cut of at least 25 basis points at the Fed's December meeting.
At March end the amount of silver held in London vaults was 27,487 tonnes, a 1.6% increase on previous month.
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