SILVER STRATEGY: - CONSOLIDATE STRATEGY BUY ON DIP R2-47500 R1-46000 S1-43000 S2-41500
Silver futures closed lower in the domestic market on Monday as investors and speculators booked profits in the precious metal at existing levels, after a stellar rally in recent sessions. However, a surge in US manufacturing activity in June and upbeat housing data raised bets that the US Federal Reserve may begin tightening monetary policy sooner than later, dimming the appeal of the bullion as a store of value.
At the MCX, Silver futures for July 2014 contract closed at Rs. 44,445 per 1 kg, up by 0.28 per cent, after opening at Rs. 44,400, against the previous closing price of Rs. 44,570. It touched an intra-day high of Rs 44,629.
For more details visit: http://www.capitalstroke.com/ or contact on 0731-3299704
0 comments :
Post a Comment