Sell Silver Sep 2022 @ 57400 SL 58000 TGT 56600-56000.MCX - Kedia Advisory
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SILVER
Silver trading range for the day is 55303-59759.
Silver fell pressured by rate hike expectations and a stronger dollar, but growing recession fears kept downside limited.
Minutes of Fed’s latest policy meeting and U.S. non-farm payroll numbers will be scanned this week for indications on the pace of policy tightening.
The euro slumped to a two-decade low as the latest surge in European gas prices added to worries about a recession.
Investor morale across the 19-country euro zone plunged to its lowest level since May 2020, pointing toward an "inevitable" recession.
SELL SILVER SEP 2022 @ 57400 SL 58000 TGT 56600-56000.MCX
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