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Buy Silver Mar 2023 @ 67500 SL 67000 TGT 68200-68800.MCX - Kedia Advisory
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SILVER
Silver trading range for the day is 67015-68719.
Silver dropped as the dollar strengthened as investors await a slew of central bank meetings this week for additional cues on the pace of rate rises.
The British economy expanded 0.5% in October, the strongest growth in nearly a year and above forecasts of 0.4% as retail sales improved.
Signs of low supply also supported prices, as New York’s COMEX inventories fell 70% in the last 18 months to just over 1 million tonnes.
Also, the LBMA stockpiles fell for the 10th straight month to a record-low 27.1 thousand tonnes in November.
BUY SILVER MAR 2023 @ 67500 SL 67000 TGT 68200-68800.MCX
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