Buy Silver Jul 2022 @ 58400 SL 57800 TGT 59200-59800.MCX - Kedia Advisory
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SILVER
Silver trading range for the day is 57295-61383.
Silver prices subdued as the dollar stood tall, on concerns that tighter monetary policies to tame surging inflation could slow global economic growth.
The dollar has been rising for five straight weeks, tracking gains in U.S. Treasury yields on expectations of further tightening from the Fed.
The number of Americans filing new claims for unemployment benefits unexpectedly rose last week, touching the highest level in three months
Federal Reserve Bank of St. Louis James Bullard said he was content with a plan to raise interest rates by 50 basis points at each of the next two meetings
BUY SILVER JUL 2022 @ 58400 SL 57800 TGT 59200-59800.MCX
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