Published on 17/08/2022 9:58:11 AM | Source: Kedia Advisory
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SILVER
Silver trading range for the day is 56574-59046.
Silver fell as a stronger dollar spooked investors away from the non-yielding metal.
Markets continued to bet that the Federal Reserve would go ahead with its aggressive tightening plan despite signs of cooling inflation
Fed officials have maintained a hawkish tone and hinted at more rate hikes down the year to tame high inflation.
More speeches this week and the FOMC minutes release due on Wednesday are now highly expected for clues about the central bank's rate path.
SELL SILVER SEP 2022 @ 57900 SL 58400 TGT 57500-57200.MCX
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