Sell Silver May @ 73800 SL 74500 TGT 73000-72500. MCX - Kedia Advisory
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Silver
Observation
* Silver trading range for the day is 72365-74945.
* Silver dropped on profit booking after prices gained on expectations of Fed’s interest rate cuts this year.
* Global silver demand is forecasted to increase by 1%, primarily driven by a projected record high in industrial demand.
* India is anticipated to witness a 9% rise in silver jewelry fabrication, contributing to a record 6% increase in worldwide consumption.
* Markets will now await key US Jobs report and Powell's testimony to gain more clarity about the timing of monetary easing
SELL SILVER MAY @ 73800 SL 74500 TGT 73000-72500. MCX
