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Buy Silver Sep 2022 @ 56800 SL 56200 TGT 58000-58500.MCX - Kedia Advisory
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Silver
Silver trading range for the day is 54510-59288.
Silver rose after the Federal Reserve extended its tightening path with a 75bps interest rate hike in its July meeting.
The move furthered the tightening momentum by major central banks, as inflation in the world’s largest economies have shown no sign of peaking.
The ECB raised policy rates by a larger than expected 50bps increase and the BoE is likely to follow the same path next week.
The U.S. economy contracted again in the second quarter amid aggressive monetary policy tightening from the Federal Reserve to combat high inflation
BUY SILVER SEP 2022 @ 56800 SL 56200 TGT 58000-58500.MCX
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