Buy Silver May 2022 @ 64200 SL 63500 TGT 64900-65400.MCX -
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SILVER
Silver trading range for the day is 64025-65645.
Silver dropped as the dollar held ground at its highest in more than 2 years and pressured demand for greenback-priced bullion.
The dollar rallied to its highest since March 2020 as concerns about slowing growth in China and expectations for faster Federal Reserve interest rate hikes
Silver demand will climb to a record level this year thanks to increasing use of solar panels as governments boost renewable energy to meet climate goals
Global silver demand is expected to rise to 1.1 billion ounces this year, up 5% from 2021
BUY SILVER MAY 2022 @ 64200 SL 63500 TGT 64900-65400.MCX
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