Buy Silver Dec 2021 @ 62800 SL 62200 TGT 63600-64200.MCX- Kedia Advisory
Silver
Silver trading range for the day is 61984-65398.
Silver prices dropped amid rising expectations for earlier US interest rate hikes after the latest inflation data rose faster than expected.
Markets will watch closely the Fed's language on inflation and the timing of the first interest rate hike since December 2018.
The headline inflation jumped 4.4% YoY while the Fed-preferred core inflation increased 3.6% YoY in September
The Bank of England's meeting takes place on Thursday, with think-tanks divided on which way the rate decision would go.
BUY SILVER DEC 2021 @ 62800 SL 62200 TGT 63600-64200.MCX
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