Buy Silver Dec 2021 @ 65800 SL 65200 TGT 66600-66900.MCX - Kedia Advisory
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SILVER
Silver trading range for the day is 65453-66773.
Silver rose as the dollar index hit a near one-month low as traders continued to focus on the prospect of interest rate hikes and tightening outside of US.
Fed Chairman Powell indicated he is now somewhat more concerned about higher inflation but said it is not yet time to begin raising interest rates.
Investor focus now shifts to the Bank of Japan and European Central Bank meetings due on Thursday.
Fed’s Daly that recent ‘eye-popping’ inflation readings are driven by supply chain breakdowns and will subside as COVID does
BUY SILVER DEC 2021 @ 65800 SL 65200 TGT 66600-66900.MCX
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