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Buy Silver Dec 2021 @ 65250 SL 64600 TGT 66100-66500.MCX - Kedia Advisory
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SILVER
Silver trading range for the day is 63106-68166.
Silver rose after fresh data showed inflationary pressures in the US continue to increase, which could mean the Fed will have to raise interest rates faster than expected.
The annual inflation rate quickened to a three-decade high of 6.2% in October, bolstered by a 30% surge in energy prices.
Data showed the US labor market continues to improve with initial weekly claims setting a fresh pre-pandemic low last week.
The BoJ cut its inflation expectations due to the impact of cellphone fee cuts and the effects of rebasing the price index and signalled a delay in stimulus withdrawal
BUY SILVER DEC 2021 @ 65250 SL 64600 TGT 66100-66500.MCX
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