Buy Silver Sep 2022 @ 55500 SL 55000 TGT 56300-56800.MCX - Kedia Advisory
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SILVER
Silver trading range for the day is 55605-56613.
Silver prices inched higher against the backdrop of a weakening dollar as fears about a fullpoint Fed rate hike receded.
Fears about inflation and the pace of rate hikes ebbed after the University of Michigan's survey showed inflation expectations easing to a one-year low.
The European Central Bank is scheduled to meet on Thursday, with economists expecting a 25-bps rate hike.
The Bank of Japan is expected to keep its ultra-loose policy in place at its July 20-21 meeting.
BUY SILVER SEP 2022 @ 55500 SL 55000 TGT 56300-56800.MCX
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