Buy Silver Sep 2022 @ 54600 SL 54000 TGT 55500-56200.MCX - Kedia Advisory
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Silver
Silver trading range for the day is 54658-55992.
Silver dropped as worries about demand in China and an aggressive tightening by the Federal Reserve to rein on sky-high inflation spooked investors from metal.
Disappointing U.S. data dampened expectations of a large 100-basis-point (bps) interest rate hike by the Federal Reserve at its July 26-27 policy meeting.
U.S. business activity contracted for the first time in nearly two years in July as a sharp slowdown in the service sector outweighed
Eurozone business activity unexpectedly contracted this month, suggesting that recessionary pressures are becoming more widespread.
BUY SILVER SEP 2022 @ 54600 SL 54000 TGT 55500-56200.MCX
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