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SILVER

* Silver trading range for the day is 71889-74875.

* Silver dropped on profit booking as US Fed’s April meeting minutes will also be monitored for further clarity on monetary policy outlook and policymakers' views on inflation

* Dallas Federal Reserve President Robert Kaplan reiterated his view that he does not expect interest rates to rise until next year

* Global silver demand will rise this year to its highest since 2015 as jewellery and industrial offtake rebounds after the coronavirus pandemic

* Strong industrial and jewellery demand will provide a floor for the market but investor demand will be the biggest factor determining prices.

BUY SILVER JUL 2021 @ 72800 SL 72000 TGT 73600-74200.MCX

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