03-01-2023 10:56 AM | Source: Kedia Advisory
Silver gains as dollar seen under pressure after U.S. - Kedia Advisory
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 SILVER

Observations

Silver trading range for the day is 62704-65640

Silver gains as dollar seen under pressure after U.S. consumerconfidence index unexpectedly drops for second straight month

Strong economic data showed signs of a resilient U.S. economy,adding to worries of more rate hikes by the U.S. central bank

Governor Philip Jefferson said that he was under "no illusion" thatinflation would return quickly to the U.S. central bank's target

The U.S. trade deficit in goods increased moderately in January,with both imports and exports rising solidly

 

 

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