Buy Silver May 2021 @ 67500 SL 66800 TGT 68200-68800.MCX - Kedia Advisory
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SILVER
Silver trading range for the day is 66118-69284.
Silver remained positive after Fed kept the interest rate unchanged and reiterated its stance to keep benchmark rates near-zero through at least 2023.
The Fed's assessment of U.S. growth, which could be fastest since 1984 this year, also weighed on the precious metal.
The dollar pushed higher helped by rising U.S. Treasury yields after the Federal Reserve said it expects inflation to rise to 2.4 percent in 2021
Investors worry that if inflation picks up, central banks might respond by raising interest rates, which would cool economic growth.
BUY SILVER MAY 2021 @ 67500 SL 66800 TGT 68200-68800.MCX
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