IGI Logo

SILVER

Silver trading range for the day is 65482-67788.

Silver prices edged lower as rising U.S. Treasury yields and a firmer dollar on the back of hawkish comments from Fed Chair Jerome Powell dented bullion's appeal.

Fed’s Powell suggested the possibility of an aggressive tightening of monetary policy to counter high inflation.

Silver demand will climb to a record level this year thanks to increasing use of solar panels as governments boost renewable energy to meet climate goals

Global silver demand is expected to rise to 1.1 billion ounces this year, up 5% from 2021

SELL SILVER MAY 2022 @ 67000 SL 68000 TGT 65800-65200.MCX

To Read Complete Report & Disclaimer Click Here

Views express by all participants are for information & academic purpose only. Kindly read disclaimer before referring below views. Click Here For Disclaimer