SILVER STRATEGY: - CONSOLIDATE STRATEGY BUY ON DIP R2-42500 R1-41000 S1-38000 S2-36500
Silver recovers from 11-month low as support seen from base metals after prices dropped as investors continued to sell amid a weak technical outlook.
Precious metal has been under heavy selling pressure recently as investors bet on strong economic growth in the U.S. during the second quarter.
Holdings at ishares silver trust gained by 0.73% i.e. 74.69 tonnes to 10359.09 tonnes from 10284.40 tonnes.
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