2024-08-23 12:22:43 pm | Source: Kedia Advisory
Sell Silver Sep @ 84200 SL 85000 TGT 83300-82500. MCX - Kedia Advisory
SILVER
Observations
Silver trading range for the day is 82245-85935. Silver dropped due to better-than-projected preliminary US S&P Global PMI data for August.
US Initial Jobless Claims showed higher-than-expected 232K claims in the week of August 14.
Fed’s Schmid is examining the dynamics behind the rise in the unemployment rate and will consider data before the Fed's next meeting
S&P Global US Manufacturing PMI fell to 48 in August 2024, marking the second consecutive contraction in US factory activity.
SELL SILVER SEP @ 84200 SL 85000 TGT 83300-82500. MCX
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