2025-08-01 11:14:18 am | Source: Kedia Advisory
Sell Silver Sep @ 110500 SL 111500 TGT 109500-108500. MCX - Kedia Advisory
SILVER
SELL SILVER SEP @ 110500 SL 111500 TGT 109500-108500. MCX
Observations
Silver trading range for the day is 107355-113415.
Silver dropped amid the outlook of a hawkish Fed and softer demand for safety.
Fed’s decision to keep interest rates unchanged at 4.25%–4.5%, reflecting a cautious stance on future rate cuts.
Initial jobless claims in the US inched higher by 1,000 from the previous week to 218,000 in the fourth week of July.
Fed Chair Powell reiterated that it is still too early to consider cutting rates and gave little indication of when easing might resume.
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