Buy Silver May 2022 @ 69000 SL 68400 TGT 69800-70400.MCX - Kedia Advisory
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SILVER
Silver trading range for the day is 68832-71310.
Silver extended gains as the ongoing conflict between Russia and Ukraine and broadening inflationary pressures lifted the safe-haven bids for the precious metal.
Investors seemed to look past impending interest rate hikes from the Federal Reserve to bring down 40-year high inflation.
Inflation in the Euro Area break a record high for the fourth straight month in March and surged to a 30-year high in the UK.
The latest data also showed inflationary warning signs in Asia, with inflation readings in China, India, Indonesia, Thailand and South Korea all rising more than expected.
BUY SILVER MAY 2022 @ 69000 SL 68400 TGT 69800-70400.MCX
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