Sell Silver May @ 80800 SL 81500 TGT 80000-79500. MCX - Kedia Advisory
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Silver
Observations
Silver trading range for the day is 79095-83245.
Silver dropped as global risk aversion receded.
Recent inflation data indicate the central bank may need more time to feel comfortable lowering interest rates, Fed Chair Powell said.
The global silver deficit is expected to rise by 17% to 215.3 million troy ounces in 2024 due to a 2% growth in demand
Industrial demand hit a record high in 2023, to rise by 9% in 2024 S
SELL SILVER MAY @ 80800 SL 81500 TGT 80000-79500. MCX
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