07-08-2022 10:10 AM | Source: Kedia Advisory
Buy Silver Sep 2022 @ 56600 SL 56000 TGT 57400-58000.MCX -
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SILVER

Silver trading range for the day is 56491-57657.

Silver remained supported tracking firmness in base metals and crude oil prices as the dollar index eased after minutes from the Fed's June meeting

The number of Americans filing new claims for unemployment benefits unexpectedly rose last week and there are growing signs that demand for labor is cooling

Fed says more restrictive stance could be needed

BofA cuts silver price forecast for 2022 to $21.04/oz from $27.76/oz; to $20.00/oz from $32.5/oz for 2023

BUY SILVER SEP 2022 @ 56600 SL 56000 TGT 57400-58000.MCX

 

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