Powered by: Motilal Oswal
23-07-2024 08:58 AM | Source: Kedia Advisory
Sell Silver Sep @ 89500 SL 90000 TGT 88900-88500. MCX - Kedia Advisory

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Silver

Observations

Silver trading range for the day is 87905-90395.

Silver dropped as investors locked in profits following the metal's recent surge

Pressure also seen stronger-than-expected data on the U.S. labour market and manufacturing.

Manufacturing activity in the US Mid-Atlantic region expanded more than expected in July amid a surge in new orders.

Fed’s Waller said that US central bank is ‘getting closer’ to an interest rate cut as inflation's improved trajectory and a labor market in better balance.

SELL SILVER SEP @ 89500 SL 90000 TGT 88900-88500. MCX

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