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Silver

Silver trading range for the day is 65422-67890

Silver rose holding the sharp rebound as investors digested the latest price data and continued to assess the instability of the US banking sector.

High demand for safe assets supported bullion prices after the closure of major US banks threatened global financial stability.

Tight supplies also helped the rebound, with the LBMA and COMEX inventories remaining low.

Reserves by major producer, Peru, dropped by 22,000 tonnes to 98,000 in 2022.

BUY SILVER Mar 2023 @ 66200 SL 65500 TGT 67000-67800. MCX

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