Monday, 30 June 2014

CAPITAL STROKE COMMODITY UPDATE 30 JUNE 2014 : MCX SILVER


SILVER STRATEGY: - CONSOLIDATE STRATEGY BUY ON DIP R2-47500 R1-46000 S1-43000 S2-41500 
Silver prices dropped brushing off sluggish U.S. data and avoided the commodity after a Fed official gave an upbeat forecast for the economy.
Downside seen limited as the dollar fell amid market sentiment that the Fed will keep interest rates low well into 2015.


Holdings at ishares silver trust dropped by 0.41% i.e. 41.81 tonnes to 10106.68 tonnes from 10148.49 tonnes.


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