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Buy Silver Sep 2022 @ 56400 SL 55800 TGT 57200-58000.MCX - Kedia Advisory
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Silver
Silver trading range for the day is 55523-57879.
Silver dropped as mounting recession fears drove investors out of commodities and into the safe-haven dollar.
The metal also came under pressure from aggressive interest rate hikes globally aimed at curbing high inflation
Federal Reserve policymakers cemented expectations for further monetary tightening, signaling another 75 basis point rate hike in July
ECB is also expected to start raising interest rates this month and bring borrowing costs into positive territory in the third quarter.
BUY SILVER SEP 2022 @ 56400 SL 55800 TGT 57200-58000.MCX
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