Sell Silver Sep @ 231000 SL 234000 TGT 227000-225000. MCX - Kedia AdvisorySilver
Silver

SELL SILVER SEP @ 231000 SL 234000 TGT 227000-225000. MCX
Observations
Silver trading range for the day is 215980-237090.
Silver rose on short covering after prices dropped amid a firm US dollar and expectations of US interest rate hikes.
Rising energy prices, fueled by the Middle East conflict, have eliminated expectations of Federal Reserve rate cuts this year
Traders now pricing in a near 65% chance of a September hike.
Focus now turns to upcoming US employment data, including nonfarm payrolls, and remarks by Fed Chair Kevin Warsh due Wednesday.
