2026-04-17 12:00:15 pm | Source: Kedia Advisory
Sell Silver MAY @ 251000 SL 254000 TGT 247000-245000. MCX - Kedia Advisory
Silver
SELL SILVER MAY @ 251000 SL 254000 TGT 247000-245000. MCX
Observations
Silver trading range for the day is 243240-258430.
Silver dropped as markets remain cautiously optimistic that a deal could be reached to end the US-Iran war.
Fed’s Musalem said that “supply shocks are placing the Fed’s inflation and employment targets at risk”.
Manufacturing output in US decreased 0.1% month-over-month in March 2026, missing market expectations for a 0.1% gain.
The number of people claiming for unemployment benefits in the US fell to 207K from a downwardly revised 218K in the previous week.
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