Sell Silver May 2022 @ 68400 SL 69200 TGT 67600-67250.MCX - Kedia Advisory
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SILVER
Silver trading range for the day is 67418-68910.
Silver dropped hit by a stronger dollar and a spike in U.S. Treasury yields amid bets the Federal Reserve is preparing to begin an aggressive tightening cycle.
Hopes of progress in Russia-Ukraine peace talks also dented demand for the safe-haven metal.
Inflation and Fed tightening expectations are at the absolute forefront of market participants.
Citi last week forecast 275 basis points of tightening this year including half-point hikes in May, June, July and September.
SELL SILVER MAY 2022 @ 68400 SL 69200 TGT 67600-67250.MCX
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