Thursday 15 May 2014

CAPITAL STROKE COMMODITY UPDATE 15 MAY 2014: MCX SILVER

CONSOLIDATE STRATEGY BUY ON DIP R2-44500 R1-43500 S1-41000 S2-39500 
Silver gains as buying seen due to Ukraine worries and the potential for stimulus measures in Europe.
Silver prices seen supported buoyed by a report that said demand for the metal rose to a record last year

In US year-over-year, the producer price index rose at an annualized rate of 2.1% in April, above expectations for a 1.7% increase.

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