Buy Silver Mar 2021 @ 70000 SL 69200 TGT 70600-71200.MCX - Kedia Advisory
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SILVER
* Silver trading range for the day is 68452-71490.
* Silver prices rallied helped by broad dollar weakness as President Joe Biden's $1.9 trillion US COVID-19 package is expected to be approved in the coming days
* Meanwhile, US Treasury yields hit their highest level in a year, amid inflationary concerns arising from strong economic activity.
* Investors are also eyeing the testimony of Federal Reserve Chairman Jerome Powell on the Semiannual Monetary Report to Congress beginning Tuesday.
* The Fed and other major central banks have pinned their hopes on ultra low interest rates to get the economy out of the grasp of a COVID-19-led fall-out.
BUY SILVER MAR 2021 @ 70000 SL 69200 TGT 70600-71200.MCX
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