Silver trading range for the day is 59494-61500 - Kedia Advisory
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SILVER
Silver trading range for the day is 59494-61500.
Silver dropped as softening inflation expectations prompted investors to reassess bets that the Federal Reserve will continue to aggressively raise interest rates.
Fed’s Williams called for further rapid interest-rate hikes to slow the economy and inflation, including a possible second 75-basis point rate hike next month
ECB President Christine Lagarde played down fears of a recession in the euro zone.
The S&P CoreLogic Case-Shiller 20-city home price index in the US increased 21.2% yoy in April of 2022, a record high rate.
BUY SILVER SEP 2022 @ 59400 SL 58800 TGT 60300-60800.MCX
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