Sell Silver May @ 82700 SL 83400 TGT 82000-81500. MCX - Kedia Advisory
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Silver
Observations
Silver trading range for the day is 81575-83585.
Silver steadied as investors continued to assess the Fed's monetary path.
Both monthly key and core inflation rates increased in line with expectations, but annual rates beat the estimates.
Markets are currently betting on only one Fed interest rate reduction this year compared to three cuts seen last week.
Consumer sentiment for the US was revised lower to 77.2 in April 2024 from a preliminary of 77.9.
SELL SILVER MAY @ 82700 SL 83400 TGT 82000-81500. MCX
