2025-08-08 11:52:08 am | Source: Kedia Advisory
Sell Silver Sep @ 114800 SL 115800 TGT 113800-112800. MCX - Kedia Advisory
Silver
SELL SILVER SEP @ 114800 SL 115800 TGT 113800-112800. MCX
Observations
Silver trading range for the day is 113025-116045.
Silver rose as expectations for Federal Reserve rate cuts intensified amid signs of a softening US labor market.
Initial jobless claims in the US rose by 7,000 from the previous week to 226,000 in the last week of July.
Traders now see a 91–93% chance of a 25 bps Fed rate cut in September, according to CME FedWatch.
Trump announced a doubling of tariffs on Indian goods to 50% in response to continued imports of Russian oil.
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