Sell Silver Dec 2022 @ 62500 SL 63200 TGT 61600-61000.MCX - Kedia Advisory
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SILVER
Silver trading range for the day is 61491-62711.
Silver rose after Fed's minutes showed a "substantial majority" supported slowing down the pace of interest rate hikes at upcoming meetings.
Signs of low supply also lifted prices, as inventories at New York’s COMEX fell 70% in the last 18 months to just over 1 million tonnes.
Stocks at the London Bullion Market Association fell for the 10th straight month to a record-low 27.1 thousand tonnes.
Data showed Eurozone economic activity contracted for a fifth consecutive month in November.
SELL SILVER DEC 2022 @ 62500 SL 63200 TGT 61600-61000.MCX
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