Buy Silver Dec 2022 @ 59500 SL 58800 TGT 60400-61000.MCX - Kedia Advisory
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Silver
Silver trading range for the day is 57611-62203.
Silver jumped tracking a rise in other metals, after the US payrolls report raised hoped the Fed will not raise rates that much.
Investors dumped the US dollar on expectations the US Federal Reserve will have to eventually pivot despite Powell’s hawkish tone.
The jobs report showed the unemployment rate rose above forecasts, despite a strong payrolls number.
ECB is set to tighten monetary policy further in the coming months as inflation has proved worse and more persistent than policymakers had expected
BUY SILVER DEC 2022 @ 59500 SL 58800 TGT 60400-61000.MCX
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