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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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