08-02-2024 12:53 PM | Source: Kedia Advisory
Sell SilverMar @ 70600 SL 71200 TGT 70000-69600. MCX - Kedia Advisory
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Silver:
Observations:
Silver trading range for the day is 69845-70785.
Silver dropped as optimism around Fed rate reductions faded
Fed's Kashkari says he currently sees 2 to 3 rate cuts this year
Fed's Goolsbey wants to see more positive inflation data before deciding on interest rates.
The Silver institute expects silver demand to hit 1.2 billion ounces in 2024
SELL SILVER MAR @ 70600 SL 71200 TGT 70000-69600. MCX
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