Wednesday 11 June 2014

CAPITAL STROKE UPDATE 11-June-2014 : MCX SILVER



SILVER STRATEGY: - CONSOLIDATE STRATEGY BUY ON DIP R2-43500 R1-42000 S1-39000 S2-37500
Silver gains as traders await economic data later in the week and take cues from global risk appetite.
ECB cut its benchmark interest rate last week to a record-low 0.15% from 0.25% and said it will support the banking sector

Stronger dollar makes bullion more expensive for those holding other currencies thus dimming demand.

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