SILVER STRATEGY: - CONSOLIDATE STRATEGY BUY ON DIP R2-47500 R1-46000 S1-42500
S2-41000
Silver prices rallied as easy monetary policies globally and tension in the Middle East supported safe-haven demand.Separately, concerns the U.S. will get involved in Iraq's violent insurgency boosted bullion's appeal as a hedge as well Holdings at ishares silver trust dropped by 0.35% i.e. 35.84 tonnes to 10226.14 tonnes from 10261.98 tonnes.
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