Sell Silver May @ 74800 SL 75600 TGT 74000-73500. MCX -Kedia Advisory
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Silver
Observation
* Silver trading range for the day is 73880-74980.
* Silver rose on expectations around the Fed cutting interest rates this year
* Federal Reserve Chair Jerome Powell told US lawmakers that the central bank will cut interest rates this year.
* Fed’s Kashkari said that he had pencilled in two interest-rate cuts in 2024 and added that he may reduce the number of cuts
* The number of Americans filing new claims for unemployment benefits was unchanged last week.
SELL SILVER MAY @ 74800 SL 75600 TGT 74000-73500. MCX
