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SILVER

Silver trading range for the day is 57630-59312.

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 @ 58200 SL 57600 TGT 59000-59500.MCX

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