SILVER STRATEGY: - CONSOLIDATE STRATEGY BUY ON DIP R2-48000 R1-46500 S1-43500 S2-42000
Silver settled down held a retreat from a three-month high as investors assessed the timing of U.S. interest-rate increases.
Bullion prices continued to slump after the Department of Labor reported last week that non-farm payrolls rose.
Inventories in total known silver-backed ETFs climbed around 4.5% on a yearly basis compared to a 16% fall in gold holdings.
A strong U.S. economy could force the Fed to reconsider its pledge and raise rates sooner than expected, hurting bullion prices.
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