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05-04-2024 10:23 AM | Source: Kedia Advisory
Sell Silver May @ 80000 SL 80600 TGT 79200-78500. MCX - Kedia Advisory

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Silver

Observations

Silver trading range for the day is 78725-80725.

Silver gains fueled by geopolitical tensions in the Middle East and Ukraine intensified.

The health of the U.S. economy is becoming increasingly muddled as the service sector continues to lose momentum.

Fed’s Daly said she believes three interest-rate cuts this year is a "reasonable" expectation

The Silver Institute expected total global demand to reach 1.2 billion ounces in 2024, the second highest on record.

SELL SILVER MAY @ 80000 SL 80600 TGT 79200-78500. MCX

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