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02-04-2024 10:33 AM | Source: Kedia Advisory
Sell Silver May @ 76000 SL 76800 TGT 75000-74400. MCX - Kedia Advisory
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Silver
Observations
Silver trading range for the day is 74310-76930.
Silver gains on growing expectation that Fed could deliver first interest rate cut in June.
Fed’s Powell reiterates fed in no hurry to cut rates
The S&P Global US Manufacturing PMI was revised lower to 51.9 in March 2024 from a preliminary of 52.5
Traders are currently pricing in around 63% chance that the U.S. central bank will be cutting rates in June
SELL SILVER MAY @ 76000 SL 76800 TGT 75000-74400. MCX
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