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SILVER

Silver trading range for the day is 60697-62461.

Silver prices climbed as the dollar slipped after Fed Powell's testimony did not spring any surprises in terms of monetary tightening

U.S. economy can withstand Omicron surge, Fed tightening –Powell

Data showed the US inflation rate rose to 7% in December, the highest level since June 1982 and well above the Federal Reserve's target of 2%.

Powell said that the Fed is likely to begin the normalization of monetary policy this year, although he didn't give any hint on the timing of the first rate hike.

BUY SILVER MAR 2022 @ 60800 SL 60400 TGT 61200-61800.MCX

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