Silver trading range for the day is 60368-61348 - Kedia Advisory
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Silver
Silver trading range for the day is 60368-61348.
Silver dropped as the Fed and other major central banks around the world raise interest rates to tackle inflation.
Investors worry about global growth amid the war in Europe, persistent supply chain issues, and the spread of Covid-19 in China.
Federal Reserve Governor Christopher Waller said that he would back another rate hike of 75 basis point at the meeting in July.
Production at U.S. factories unexpectedly fell in May, the latest sign of cooling economic activity as the Fed aggressively tightens monetary policy to tame inflation.
BUY SILVER JUL 2022 @ 60500 SL 60000 TGT 61200-61600.MCX
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