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Buy Silver MAR 2023 @ 69000 SL 68500 TGT 69500-69800.MCX - Kedia Advisory
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Silver
Silver trading range for the day is 68084-70664.
Silver dropped as traders remained focused on China after several countries, have decided to insist on negative Covid tests for travelers arriving from China.
Silver prices gained over 10% in 2022 supported by increased demand for precious metals amid recession concerns and looming supply shortages.
Looming supply concerns drove silver to outperform gold and palladium in 2022.
COMEX inventories fell 70% in the last 18 months to just over 1 million tonnes
BUY SILVER MAR 2023 @ 69000 SL 68500 TGT 69500-69800.MCX
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