SILVER STRATEGY: - CONSOLIDATE STRATEGY BUY ON DIP R2-42000 R1-40500 S1-38000 S2-36500
Silver prices shrugged off solid U.S. weekly jobless claims numbers and rose in wake of dovish Federal Reserve policy meeting minutes
The minutes showed that the U.S. central bank cut its growth outlook due to a stronger dollar and concerns over global weakness.
Holdings at ishares silver trust dropped by 0.41% i.e. 44.73 tonnes to 10812.62 tonnes from 10857.35 tonnes.
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