Buy Silver Sep 2022 @ 55000 SL 54500 TGT 55800-56200.MCX - Kedia Advisory
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SILVER
Silver trading range for the day is 53672-56368.
Silver prices reversed early losses helped by a falling dollar and a stronger euro, after the ECB made a jumbo rise in borrowing costs.
The number of Americans filing new claims for unemployment benefits jumped by 9 thousand to 251,000
The ECB raised rates by 50bps, which is twice the hike announced in the previous meeting.
Fed is set to continue its tightening plans and is expected to deliver a 75bps rate hike next week, a fourth straight increase, totalling 225bps so far.
BUY SILVER SEP 2022 @ 55000 SL 54500 TGT 55800-56200.MCX
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