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2026-03-16 12:08:34 pm | Source: Kedia Advisory
SELL SILVER MAY @ 265000 SL 268500 TGT 261000-258000. MCX - Kedia Advisory
SELL SILVER MAY @ 265000 SL 268500 TGT 261000-258000. MCX  - Kedia Advisory

Silver

SELL SILVER MAY @ 265000 SL 268500 TGT 261000-258000. MCX

Observations

Silver trading range for the day is 246320-275740.

Silver dropped as dollar index remained above the 100 mark, its highest level since late November 2025.

Traders continued to favor dollar as a safe haven amid the escalating conflict with Iran and the lack of prospects for an imminent resolution.

Markets assessed a fresh batch of key economic data, the annual PCE inflation rate slowing to 2.8%.

Traders reinforced bets on one Federal Reserve rate cut this year, possibly in September.

 

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