SILVER STRATEGY: - CONSOLIDATE STRATEGY BUY ON DIP R2-45500 R1-44000 S1-41000 S2-40000
Silver dropped after upbeat U.S. data fueled growing expectations that the days of ultra-loose monetary policies are coming to an end.
Fed released the minutes of its July policy meeting revealed that interest rates could come sooner rather than later if the labor market continues to recover.
Data showed that U.S. existing home sales increased 2.4% to 5.15 million units last month from 5.03 million in June.
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