SILVER STRATEGY: - CONSOLIDATE STRATEGY BUY ON DIP R2-48500 R1-47000 S1-44000 S2-42500
Silver rose as investors sought shelter in the precious metal on fears of further turmoil after news that a Malaysian passenger jetliner had been downed in Ukraine.
Prices seen supported as investors took advantage of lower prices to buy and as a fresh round of U.S. sanctions on Russia weighed on stock markets.
Data showed that the number of building permits issues in the U.S. fell unexpectedly in June, while housing starts also missed forecasts.
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