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SILVER

Silver trading range for the day is 54703-56601.

Silver fell as the Federal Reserve’s pledge to curb inflation drove investors to favor the US dollar instead of non-interest-bearing bullion assets.

Data showing a drop in weekly jobless claims in the U.S. weighed as well on prices.

St. Louis Fed President Bullard said he is considering a third consecutive 75bps rate hike for the central bank’s upcoming meeting

Minutes from the FOMC July meeting indicated the Fed will abandon forward guidance and make decisions dependent on the latest data

BUY SILVER SEP 2022 @ 54800 SL 54200 TGT 55600-56000.MCX

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