IGI Logo

SILVER

Silver trading range for the day is 67194-70366.

Silver rose as investors welcomed weaker-than-expected US CPI data, and braced for interest rate decisions from major central banks.

The ECB is expected to deliver a dialed-down 50 bps rate hike on Thursday, despite worries about a looming recession

The yield on the US 10-year Treasury noted retreated below the 3.5% mark, approaching the three-month low of 3.4% touched on December 7th

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

BUY SILVER MAR 2023 @ 68300 SL 67700 TGT 69000-69500.MCX

To Read Complete Report & Disclaimer Click Here

Views express by all participants are for information & academic purpose only. Kindly read disclaimer before referring below views. Click Here For Disclaimer