2026-07-15 10:52:38 am | Source: Kedia Advisory
Sell Silver Sep @ 225000 SL 228000 TGT 221000-218000. MCX - Kedia Advisory
Silver
SELL SILVER SEP @ 225000 SL 228000 TGT 221000-218000. MCX
Observations
Silver trading range for the day is 214675-229685.
Silver climbed after weaker-than-expected US inflation data prompted investors to scale back expectations for Fed interest rate hikes.
US annual inflation eased to 3.5% in June, while core inflation slowed to 2.6%, both below forecasts.
The US CPI fell 0.4% month over month, its first decline since 2020.
Fed Chair Warsh said policymakers remain fully committed to restoring price stability and have no tolerance for persistently elevated inflation.
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