Buy Silver SEP @ 72800 SL 72200 TGT 73600-74200. MCX - Kedia Advisory
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Silver
Observation
Silver trading range for the day is 72465-74565.
Silver fell on strong dollar as investors assessed monetary policy outlook.
Fed Chair Powell emphasized the potential necessity for Fed to implement additional interest rate hikes in order to effectively manage inflation
Fed Powell suggested the Fed could hold rates steady at its next meeting in September
Two Fed officials indicated that the jump in bond yields could complement the central bank’s effort to slow the economy
BUY SILVER SEP @ 72800 SL 72200 TGT 73600-74200. MCX
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