2026-07-17 10:49:39 am | Source: Kedia Advisory
Sell Silver Sep @ 218500 SL 221000 TGT 215000-212000. MCX - Kedia Advisory
Silver
SELL SILVER SEP @ 218500 SL 221000 TGT 215000-212000. MCX
Observations
Silver trading range for the day is 212035-222125.
Silver prices fell as escalating Middle East tensions and reinforced concerns that interest rates could remain elevated.
Fed Chairman Kevin Warsh declared his determination to bring inflation down without hinting at how.
Traders are still pricing an about 73% chance of a December Fed rate hike, CME FedWatch Tool's data showed.
Silver Institute projects a sixth straight annual deficit of 46.3 mln ounces in 2026, raising the cumulative shortfall since 2021 to about 762 mln ounces.
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