2025-08-29 12:18:23 pm | Source: Kedia Advisory
Sell Silver Sep @ 117500 SL 118500 TGT 116500-115500. MCX - Kedia Advisory
Silver
SELL SILVER SEP @ 117500 SL 118500 TGT 116500-115500. MCX
Observations
Silver trading range for the day is 115435-118505.
Silver rises as weak dollar reflects trade tensions, Fed pressure, and dovish outlook Fed Chair Powell’s dovish remarks at the Jackson Hole Symposium, noting that conditions “may warrant” rate cuts.
Initial jobless claims in the US inched lower by 5,000 from the eight-week high on the previous week to 229,000
The U.S. economy grew at an annual rate of 3.3% in Q2 2025, a sharp rebound from the 0.5% contraction in Q1.
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