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 55244-56242.
Silver dropped as worries about demand in China and an aggressive tightening by Fed to rein on sky-high inflation spooked investors from metal.
Fed officials have reiterated their determination to rein in inflation, setting expectations for a back-to-back 75 basis point rate hike in July.
Putting a floor under prices were lingering concerns about slowing economic growth, as surging gas prices threaten the outlook for the bloc.
Fed’s Bullard said they favoured a 75 bps interest rate increase, rather than the 100 bps move
BUY SILVER SEP 2022 @ 55500 SL 55000 TGT 56300-56800.MCX
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