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SILVER

Silver trading range for the day is 70478-72534.

Silver remained supported after a weaker-than-expected U.S. monthly jobs report calmed investor fears about the Fed reining in monetary stimulus in the near future.

The Labor Department report showed job growth in the U.S. reaccelerated in May but still fell short of estimates, helping ease inflation and tapering jitters.

Investors awaited U.S. inflation data and clarity on when the Federal Reserve might start tapering economic support measures.

Inflation will remain in focus, with the U.S. consumer price index report due on Thursday, and central bank meetings scheduled in Europe and Canada.

BUY SILVER JUL 2021 @ 71450 SL 71000 TGT 71850-72200.MCX

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