Sell Silver May 2021 @ 63600 SL 64000 TGT 63200-62500.MCX - Kedia Advisory
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SILVER
Silver trading range for the day is 62305-64595.
Silver dropped as the dollar index firmed near a multi-month peak and US treasury yields soared to a new 14-month high.
The dollar rose amid expectations that Biden's infrastructure initiative could further bolster growth in the world's largest economy
Meantime, the outlook in Europe remains more vulnerable as a third wave of Covid-19 prompted the extension or reimposition of lockdowns.
Benchmark U.S. 10-year Treasury yields rose to a 14-month peak bolstered by hopes of stronger growth and inflation
SELL SILVER MAY 2021 @ 63600 SL 64000 TGT 63200-62500.MCX
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