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SILVER

Silver trading range for the day is 70420-72960.

Silver gained as US annual inflation data showed consumer prices jump a higher-thanexpected 5% in May.

The Labor Department said its consumer price index rose by 0.6 percent in May after climbing by 0.8 percent in April.

However, investors remained mostly confident that policymakers won’t start tightening its monetary policy sooner than expected

Elsewhere, the European Central Bank pledged to keep running its emergency bond purchases at a “significantly higher pace” than early this year.

BUY SILVER JUL 2021 @ 71400 SL 70700 TGT 72200-72800.MCX

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