2025-07-16 10:18:37 am | Source: Kedia Advisory
Sell Silver SEP @ 112000 SL 113000 TGT 111000-110000. MCX - Kedia Advisory
SILVER
SELL SILVER SEP @ 112000 SL 113000 TGT 111000-110000. MCX
Observations
Silver trading range for the day is 109940-113710.
Silver dropped as the dollar gained after U.S. June CPI data came close to forecasts.
Core U.S. CPI rose 0.2% monthly and 2.9% annually, slightly below projections for both measures.
Trump’s call for a 300 bps Fed funds rate cut sparked speculation about a dovish nominee.
Traders now price in just over 50 bps of Fed cuts by end-2025, fewer than before.
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