06-02-2024 11:16 AM | Source: Kedia Advisory
Sell Silver S @ 70800 SL 71400 TGT 70000-69600. MCX - Kedia Advisory
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Silver:
Observations:
Silver trading range for the day is 69925-71305.
Silver price dropped as investors see Fed rate cut after spring.
Robust demand for workers has tampered Fed rate-cut bets.
The outlook for the US dollar and bond yields has improved significantly.
Fed’s Bowman said that the recent decline in price pressures is encouraging but cautioned about early rate cuts.
SELL SILVER S @ 70800 SL 71400 TGT 70000-69600. MCX
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