Buy Silver Jul 2022 @ 60600 SL 60000 TGT 61200-61800.MCX - Kedia Advisory
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Silver
Silver trading range for the day is 60139-62367.
Silver prices edged lower as the dollar rose and U.S. Treasury yields edged up amid worries about Fed and ECB policy tightening.
Federal Reserve governor Christopher Waller said that he favored 50 basis point hike at every meeting until there is a substantial reduction in inflation.
Eurozone inflation accelerated further in May on surging energy and food prices, flash data from Eurostat showed.
Investors repositioned for the possibility of a slower pace of US interest rate hikes and as fears of a global recession have somewhat receded.
BUY SILVER JUL 2022 @ 60600 SL 60000 TGT 61200-61800.MCX
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