Sell Silver May@ 83800 SL 84500 TGT 83000-82500. MCX - Kedia Advisory
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Silver
Observations
Silver trading range for the day is 82285-84405.
Silver gains as geopolitical tensions escalated in the aftermath of Israel's retaliatory strikes against Iran.
Hawkish Fed statements and strong US economic data heightened expectations of prolonged restrictive policy by the regulator.
Still, industrial demand for the metal remained strong amid growing applications in electronics and solar power.
The market deficit was reflected in above ground inventories, with volumes held in LBMA and exchanges dropping sharply in recent years.
SELL SILVER MAY @ 83800 SL 84500 TGT 83000-82500. MCX
