2026-07-16 10:01:45 am | Source: Kedia Advisory
Sell Silver Sep @ 222500 SL 225500 TGT 218500-216500 MCX - Kedia Advisory
Silver
SELL SILVER SEP @ 222500 SL 225500 TGT 218500-216500. MCX
Observations
Silver trading range for the day is 215235-226275.
Silver prices edged lower as investors shifted towards riskier assets following softer US inflation data.
US CPI report showed headline inflation fell 0.4% in June, marking its first monthly decline since the pandemic.
Fed’s Waller warned that the central bank may need to raise rates "in the near term" if inflation remains above the 2% target.
ANZ says silver remains closely tied to gold, but its fundamentals are set to gradually turn more supportive over the medium to long term
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