Buy Silver Dec 2022 @ 57000 SL 56400 TGT 57800-58300.MCX -
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SILVER
Silver trading range for the day is 56570-58498.
Silver prices fell as bets of an increasingly hawkish Federal Reserve continue to hurt demand.
Fed’s Evans said there is a strong consensus at Fed to raise the target policy rate to around 4.5 percent by February and hold it there for most of 2023
Fed’s Brainard laid out a case for exercising caution, saying that previous rate increases were starting to slow the economy
ECB board members continued to flag the necessity of restrictive borrowing costs, stating that inflation is currently underestimated by markets and could persist until 2025
BUY SILVER DEC 2022 @ 57000 SL 56400 TGT 57800-58300.MCX
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