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28-03-2024 12:13 PM | Source: Kedia Advisory
Sell Silver May @ 74800 SL 75500 TGT 74000-73500. MCX - Kedia Advisory

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Silver

Observations

Silver trading range for the day is 74135-75105.

Silver gains as the Fed will cut interest rates in June remain firm

The Fed appears confident that inflation is easing toward the 2% target.

Atlanta Federal Reserve Bank President Raphael Bostic said he expects just a 25-bps Fed cut in 2024.

Traders are pricing in a 70% probability that the Fed will begin cutting rates in June.

SELL SILVER MAY @ 74800 SL 75500 TGT 74000-73500. MCX

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