Buy Silver Dec 2022 @ 55000 SL 54500 TGT 55800-56200.MCX - Kedia Advisory
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SILVER
Silver trading range for the day is 54243-57365.
Silver remained in range as the monetary tightening momentum by the Federal Reserve drove investors into the interest-baring US dollar.
Silver$ hits lowest level since Sept. 8
Fed raised its funds rate by 7 bps for the 3rd straight time and projected that borrowing could reach as high as 4.6% by March 2023.
Sales of silver jewelry from major consumers China and India were also hampered this year.
BUY SILVER DEC 2022 @ 55000 SL 54500 TGT 55800-56200.MCX
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