03-02-2023 11:24 AM | Source: Kedia Advisory
Silver trading range for the day is 64008-65330 - Kedia Advisory
SILVER
Observations
Silver trading range for the day is 64008-65330
Silver settled flat after a slew of economic data added to investorconcerns that interest rates globally could stay higher for longerthan expected.
Hopes for a recovery in activity also supported demand for silveras an industrial input
Tight stocks continued to lift bidding levels, with inventories at theLBMA and COMEX remaining at low levels.
Silver reserves by major producer, Peru, declined by 22,000tonnes to 98,000 in 2022
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