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.
