Buy Silver May 2022 @ 69700 SL 69100 TGT 70500-71200.MCX - Kedia Advisory
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SILVER
Silver trading range for the day is 68657-71537.
Silver edged lower as treasury bond yields rose and the U.S. dollar strengthened against its major rivals after strong inflation data firmed bets of tighter monetary policy.
Investors weighed geopolitical uncertainties against a commodity-driven rise in inflation which prompted central banks to signal willingness to tighten monetary policy sooner.
ECB said it would phase out its large bond-buying program sooner than expected and paved the way for interest rate increases later this year
Investors are also bracing for the Federal Reserve policy meeting next week where it is set to raise interest rates by 25 basis points
BUY SILVER MAY 2022 @ 69700 SL 69100 TGT 70500-71200.MCX
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