IGI Logo

SILVER

Silver trading range for the day is 52126-55050.

Silver edged higher as investors continued to assess the extent that the Federal Reserve will tighten policy in the current cycle.

The trade deficit in the US narrowed by $10.2 billion to a 9-month low of $70.7 billion in July 2022

Fed Chair Jerome Powell previously emphasized the US central bank’s priority of bringing inflation down to the 2% level

The European Central Bank is said to consider a bigger 75 basis point rate hike to tackle inflation

BUY SILVER DEC 2022 @ 53500 SL 52800 TGT 54400-54800.MCX

To Read Complete Report & Disclaimer Click Here

Views express by all participants are for information & academic purpose only. Kindly read disclaimer before referring below views. Click Here For Disclaimer