Buy Silver September 2023 @ 70800 SL 70300 TGT 71800-72500. MCX
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Silver
Observations
Silver trading range for the day is 70068-72050
Silver settled flat as the dollar recovered some of Friday's sharp losses
However, downside seen limited amid low supply and strong industrial demand.
Silver production out of Peru contracted by 7% year-on-year in the first four months of 2023
BofA cuts 2023 silver price forecast to $22.98/oz from $24.55/oz
BUY SILVER Sep 2023 @ 70800 SL 70300 TGT 71800-72500. MCX
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