Sell Silver Sep 2021 @ 69300 SL 70000 TGT 68600-68200.MCX - Kedia Advisory
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SILVER
Silver trading range for the day is 68466-69952.
Silver dropped as the dollar index returned to 3-month highs and Treasury yields edged up after the US inflation print was hotter than expected in June.
The Fed has been reiterating that a spike in CPI is likely to be temporary but investors worry the inflation may rise even further.
Investors now await Federal Reserve Chair Jerome Powell before Congress on Wednesday and Thursday.
Fed says shortages of materials, hiring problems holding back recovery.
SELL SILVER SEP 2021 @ 69300 SL 70000 TGT 68600-68200.MCX
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