Hawkish Fedspeak and elevated inflation are likely to cap the upside in the metal; thus, a minor correction is not ruled out. Silver may trade between $28.80 (Rs 85,000) and $30 (Rs 88,300) in the near-term. A convincing break of $30 level is needed for gaining further sustainable upside traction
Read the insightful article on Silver outlook by Praveen Singh of Sharekhan by BNP Paribas in Business Standard today-https://www.business-standard.com/markets/news/silver-outlook-prices-may-correct-on-hawkish-fedspeak-elevated-inflation-124051700097_1.html#Sharekhan #Silver #SilverOutlook #Sharekhan #Silver #SilverOutlook
Posted On: 21 May 2024 4:40 PM