2026-03-19 12:53:57 pm | Source: Kedia Advisory
SELL SILVER MAY @ 250000 SL 253000 TGT 246500-244500. MCX - Kedia Advisory
Silver
SELL SILVER MAY @ 250000 SL 253000 TGT 246500-244500. MCX
Observations
Silver trading range for the day is 236540-260720.
Silver dropped as dollar index strengthened to around 99.9 as concerns over persistent inflationary pressures intensified.
Oil prices climbed again after Iran reported that some of its energy facilities had come under attack, adding to inflation worries.
US producer prices rose 0.7% month-over-month in February 2026, above 0.5% in January.
As at end February 2026, the amount of silver held in London vaults was 27,065 tonnes, a 2.4% decrease on previous month.
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