Silver outlook, June 26: Bias bearish; MCX Sept contract support at Rs 88k

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Silver outlook, June 26: Bias bearish; MCX Sept contract support at Rs 88k - Business Standard

Quick Summary:

Silver outlook and trading strategy today, June 26, 2024: Spot Silver, at the time of the MCX closing, was trading at $28.90, down 2.

Federal Reserve Governor Michelle Bowman said on Tuesday that as she sees several upside risks to the inflation outlook, she prefers to keep borrowing costs elevated for some time.

Spot Silver, at the time of the MCX closing, was trading at $28.90, down 2.45 per cent for the day, while the MCX September silver contract was at Rs 89,257 (LTP), down 1.89 per cent.