SILVER STRATEGY: - CONSOLIDATE STRATEGY BUY ON DIP R2-45500 R1-44000 S1-41000 S2-40000
Silver dropped after upbeat U.S. housing and consumer inflation cemented expectations for the Fed to chip away at its ultra-loose monetary policies.
Prices edged lower after data showed that the number of building permits issued in July jumped 8.1% to 1.052 million units.
Holdings at ishares silver trust gained by 0.94% i.e. 95.50 tonnes to 10228.12 tonnes from 10132.62 tonnes.
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