Buy Silver May 2022 @ 67600 SL 66800 TGT 68500-69000.MCX - Kedia Advisory
SILVER
Silver trading range for the day is 66766-68692.
Silver dropped as the dollar rallied amid the deepening Ukraine crisis in the wake of aggressive sanctions imposed on Russia by the U.S. and Western countries.
Fed's Powell says policy pivot on track despite 'uncertain' impact of Ukraine war
Meanwhile, rising economic risks tempered investor expectations for how steeply the Federal Reserve will raise interest rates.
The outlook for a 50 basis point hike at the March 16 Fed meeting has dissipated, though a smaller 25 basis point hike is seen as a virtual certainty.
BUY SILVER MAY 2022 @ 67600 SL 66800 TGT 68500-69000.MCX
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