Monday, 6 October 2014

CAPITAL STROKE UPDATE 7 October 2014: MCX SILVER




SILVER STRATEGY: - CONSOLIDATE STRATEGY BUY ON DIP R2-41000 R1-40000 S1-37000
S2-36000

Silver prices gains as prices recovered from lows on short covering after prices dropped as data last week showed U.S. payrolls beat forecasts

Holdings at ishares silver trust dropped by 0.25% i.e. 26.84 tonnes to 10857.35 tonnes from 10884.19 tonnes.

The Fed is considering the timing for its first interest-rate increases since 2006 amid signs the U.S. economy is recovering.

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