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SILVER

Silver trading range for the day is 61070-62568.

Silver prices rose as surging oil prices along with an increase in global commodity prices added to existing inflationary pressures.

Growing concerns about widening price pressures boosted the precious metal's appeal as an inflation hedge

Investors now await the January U.S. inflation figures due on Thursday for further cues on Fed interest rate hikes.

Geopolitical tensions were also in focus, with the White House warning Russia could invade Ukraine any day.

BUY SILVER MAR 2022 @ 61800 SL 61350 TGT 62400-62900.MCX

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