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6/01/2023 12:45:19 PM | Source: Kedia Advisory
Silver trading range for the day is 66860 - 70020 - Kedia Advisory
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Silver trading range for the day is 66860 - 70020 - Kedia Advisory

Silver

*Silver trading range for the day is 66860 - 70020

* Silver prices edged lower after the minutes from the mid-December meeting showed that Fed officials remained determined to keep rates high

* Fed policymakers continued to anticipate that ongoing increases in the federal funds rate would be appropriate

* Federal Reserve raised the fed funds rate by 50bps to 4.25%-4.5% during its last monetary policy meeting of 2022

* The number of Americans filing new claims for unemployment benefits dropped to a three-month low last week

 

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