Sell Silver May @ 71200 SL 71800 TGT 70400-70000. MCX - Kedia Advisory
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Silver
Observation
Silver trading range for the day is 70245-71285.
Silver dropped as the dollar firmed up as investors awaited key inflation readings.
New estimates of the US fourth quarter GDP show a 3.2% expansion from the previous period
Commerzbank downgraded its silver 2024 price targets as the Fed cuts rates less aggressively.
Funds futures show that over 60% of the market expects the Federal Reserve to deliver its first interest rate cut by June
SELL SILVER MAY @ 71200 SL 71800 TGT 70400-70000. MCX
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