SILVER STRATEGY: - CONSOLIDATE STRATEGY BUY ON DIP R2-44000 R1-42500 S1-40000
S2-39000
Silver dropped as dollar had been gaining in strength even before Fed statement, as speculation rose that Fed would raise rates sooner.
In a statement Fed announced a further $10 billion reduction in its monthly purchases, leaving the programme on course to be shuttered next month.
Holdings at ishares silver trust gained by 0.28% i.e. 29.83 tonnes to 10589.15 tonnes from 10559.32 tonnes.
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