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SILVER

Silver trading range for the day is 67046-69864.

Silver extended gains as inflation concerns more than offset expectations of higher Federal Reserve interest rate hikes and higher Treasury yields.

The latest US CPI report showed inflation hit 8.5% in March, the highest since December of 1981.

The report showed core CPI rose 6.5% year-over-year and 0.3% month-over-month, both below expectations, indicating that inflation could be peaking.

Investors tracked geopolitical developments after reports that Russia has used chemical weapons to attack the besieged Ukrainian city of Mariupol.

BUY SILVER MAY 2022 @ 68400 SL 67500 TGT 69600-70200.MCX

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