Buy Silver Jul 2022 @ 61200 SL 60500 TGT 62000-62500.MCX - Kedia Advisory
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SILVER
Silver trading range for the day is 60771-62451.
Silver dropped as the dollar gained some ground, but inflationary and growth concerns kept safe-haven bullion away from further losses.
Fed is on track to increase it again in 50-basis point increments at each of the next two meetings in June and July.
German 10-year Bund was below 1%, amid concerns about the economic outlook and its impact on policy tightening.
ECB President Christine Lagarde said the central bank is likely to exit negative interest rates by the end of the third quarter.
BUY SILVER JUL 2022 @ 61200 SL 60500 TGT 62000-62500.MCX
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