08-04-2024 12:19 PM | Source: Kedia Advisory
Sell Silver May @ 81000 SL 81600 TGT 80200-79600. MCX
Silver
Observations
Silver trading range for the day is 77775-82575.
Silver prices surged due to Middle East tensions and hopes for monetary easing.
US economy added 303,000 jobs in March, surpassing market forecasts.
Strong wage growth narrowed the corridor for the Fed to lower interest rates.
The Silver Institute expects 2024 to be an excellent year for silver, with prices potentially hitting 10-year highs.
SELL SILVER MAY @ 81000 SL 81600 TGT 80200-79600. MCX
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Tag News
Buy Zinc Above 259 SL. BELOW 256 TGT 263/264 - Axis Securities Ltd
Evening Roundup : A Daily Report on Bullion Energy & Base Metals for 03 May 2024 - Geojit Financial Services Ltd
Crude oil prices declined further on Thursday due to signs of easing geopolitical risks in the Middle East and weakness across fuel markets - HDFC Securities
MCX Natural Gas May future is expected to hold the support at 160 and move higher towards 174 - ICICI Direct