SILVER STRATEGY: - CONSOLIDATE STRATEGY BUY ON DIP R2-47500 R1-46000 S1-43000 S2-41500
Silver dropped after Fed said U.S. central bank could raise rates earlier or faster if hiring and wages take off in an unexpected way.
Strong U.S. manufacturing and housing data also stoked fears that a strong economic recovery could prompt the Fed to act soon.
The dollar also firmed on the news that U.S. wholesale prices rose more than expected in June, which capped silver’s gains.
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