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Sell Silver Dec 2022 @ 55500 SL 56200 TGT 54700-54200.MCX -Kedia Advisory
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SILVER
Silver trading range for the day is 53967-56107.
Silver prices dropped amid rising interest rates worldwide and weakening demand.
Fed Chair Jerome Powell delivered a stern commitment to combat inflation with higher interest rates in a policy speech
Silver output from Latin America has recovered from the Covid-19 hit as top producers Peru and Mexico lifted restrictions
Markets are now largely pricing in a 75-basis-point rate hike at the Fed's September meeting.
SELL SILVER DEC 2022 @ 55500 SL 56200 TGT 54700-54200.MCX
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